Norway-Maine Savings

Improve your Norway Home’s Value through Energy Savings

[lme-module module=”market-stats” city=”Norway” state=”ME”]

Upgrading your windows to EnergyStar rated National Vinyl windows could add to 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 premium for energy savings on the market? Below is what we discovered in Norway:

Another way to look at it, a window upgrade in Norway can add anywhere from 0.36% percent and 1.67 % 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 upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Norway homeowner is quite clear.

The variation between the range for Norway and Portland, which for reference, would yield a potential premium range of 0.38% percent and 0.56% percent respectively, may come from a number of factors, especially; the -0.45% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the region, and heating & cooling cost differences between Norway and Portland.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research conducted by the NAHB. Norway home value data is provided by Zillow.

[lme-module module=”market-activity” city=”Norway” state=”ME”]

Directions from Norway to our headquarters