Old Mystic-Connecticut Savings

Grow your Old Mystic Home’s Asking Price through Energy Savings

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Upgrading 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the ROI on energy savings when it comes time to sell? The following is what we uncovered in Old Mystic:

In other words, a window upgrade in Old Mystic can add between 0.47% percent and 1.98 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Old Mystic homeowner is relatively clear.

The variation between the range for Old Mystic and Hartford, which for reference, would yield a potential premium range of 0.43% percent and 0.63% percent respectively, may come from a number of factors, especially; the 1.1% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Norwich-New London region, and heating & cooling price differences between Old Mystic and Hartford.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research conducted by the NAHB. Old Mystic home value data is provided by Zillow.

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