Norwood-Massachusetts Savings

Increase your Norwood Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may increase the sale 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 ROI on energy savings when it comes time to sell? Below is what we estimated in Norwood:

Another way to look at it, a window upgrade in Norwood can add between 0.13% percent and 0.58 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Norwood homeowner is quite clear.

The variation between the range for Norwood and Boston, which for reference, would yield a potential premium range of 0.14% percent and 0.2% percent respectively, may come from a number of factors, principally; the -0.22% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and energy price differences between Norwood and Boston.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research executed by the NAHB. Norwood home value data is provided by Zillow.

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