Norwich-Connecticut Savings

Improve your Norwich Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may increase 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the return on investment on energy savings when selling the house? The following is what we discovered in Norwich:

In other words, a window investment in Norwich can add anywhere from 0.68% percent and 2.67 % percent to the asking price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Norwich homeowner is quite clear.

The variation between the range for Norwich and Hartford, which for reference, would yield a potential premium range of 0.66% percent and 0.97% percent respectively, is dependent on a number of factors, particularly; the 0.35% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Norwich-New London region, and heating & cooling cost differences between Norwich and Hartford.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research done by the NAHB. Norwich home value data is provided by Zillow.

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