Putnam-Connecticut Savings

Improve your Putnam Home’s Value through Energy Savings

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Switching 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the return on investment on energy savings if you put your house up for sale? Below is what we uncovered in Putnam:

Put differently, a window upgrade in Putnam can add between 0.54% percent and 2.22 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Putnam homeowner is relatively clear.

The variation between the range for Putnam and Hartford, which for reference, would yield a potential premium range of 0.51% percent and 0.74% percent respectively, may come from a number of factors, in particular; the 0.76% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Worcester region, and energy price differences between Putnam and Hartford.

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

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