Norwalk-Connecticut Savings

Improve your Norwalk Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could add to the asking price 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 answer the question : What’s the return on energy savings when it comes time to sell? What follows is what we found in Norwalk:

In other words, a window upgrade in Norwalk can add anywhere from 0.39% percent and 1.72 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Norwalk homeowner is relatively clear.

The variation between the range for Norwalk and Hartford, which for reference, would yield a potential premium range of 0.34% percent and 0.5% percent respectively, is derived from a number of factors, primarily; the 1.65% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Bridgeport-Stamford-Norwalk region, and energy price differences between Norwalk and Hartford.

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

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