Pittsfield-Massachusetts Savings

Improve your Pittsfield Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can 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 ROI on energy savings if you put your house up for sale? Here is what we estimated in Pittsfield:

Put differently, a window investment in Pittsfield can add between 0.35% percent and 1.38 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Pittsfield homeowner is relatively clear.

The variation between the range for Pittsfield and Boston, which for reference, would yield a potential premium range of 0.37% percent and 0.54% percent respectively, can be estimated from a number of factors, particularly; the -0.71% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Pittsfield region, and energy cost differences between Pittsfield and Boston.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research conducted by the NAHB. Pittsfield home value data is provided by Zillow.

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