Orange-Connecticut Savings

Build your Orange Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could 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 estimate : What’s the premium for energy savings when selling the house? What follows is what we discovered in Orange:

Put differently, a window investment in Orange can add between 0.33% percent and 1.54 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Orange homeowner is relatively clear.

The variation between the range for Orange and Hartford, which for reference, would yield a potential premium range of 0.28% percent and 0.4% percent respectively, is dependent on a number of factors, principally; the 2.26% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New Haven-Milford region, and energy cost differences between Orange and Hartford.

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

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