North Berwick-Maine Savings

Build your North Berwick Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could increase the value of your home. As mentioned before, windows preserve most of their initial value especially given their long life expectancy. At a rate of 72.3% estimated for 2020 an average total window replacement job costing $17,925 would preserve $13,018 of its initial value.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the return on investment on energy savings on the market? Below is what we estimated in North Berwick:

In other words, a window upgrade in North Berwick can add between 0.24% percent and 1.14 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a North Berwick homeowner is relatively strong.

The variation between the range for North Berwick and Portland, which for reference, would yield a potential premium range of 0.24% percent and 0.35% percent respectively, may come from a number of factors, particularly; the -0.14% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Portland-South Portland region, and heating & cooling cost differences between North Berwick and Portland.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research conducted by the National Association of Homebuilders. North Berwick home value data is provided by Zillow.

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