Portland-Connecticut Savings

Grow your Portland Home’s Asking Price 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 if you sell your home? Here is what we found in Portland:

Another way to look at it, a window investment in Portland can add between 0.48% percent and 2.03 % percent to the sale price of your home via 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 Portland homeowner is quite strong.

The variation between the range for Portland and Hartford, which for reference, would yield a potential premium range of 0.44% percent and 0.65% percent respectively, can be estimated from a number of factors, in particular; the 1.02% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Hartford-West Hartford-East Hartford region, and energy price differences between Portland and Hartford.

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

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