Penn Lake Park-Pennsylvania Savings

Increase your Penn Lake Park Home’s Asking Price through Energy Savings

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Replacing 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the return on energy savings when it comes time to sell? Below is what we estimated in Penn Lake Park:

In other words, a window upgrade in Penn Lake Park can add between 0.4% percent and 1.48 % percent to the asking price of your home by way of 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 Penn Lake Park homeowner is relatively strong.

The variation between the range for Penn Lake Park and Philadelphia, which for reference, would yield a potential premium range of 0.41% percent and 0.59% percent respectively, is derived from a number of factors, principally; the -0.07% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Scranton–Wilkes-Barre–Hazleton region, and heating & cooling cost differences between Penn Lake Park and Philadelphia.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research conducted by the National Association of Homebuilders. Penn Lake Park home value data is provided by Zillow.

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