Richmond-Vermont Savings

Build your Richmond Home’s Resale Price 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the return on energy savings if you sell your home? What follows is what we discovered in Richmond:

Put differently, a window investment in Richmond can add anywhere from 0.33% percent and 1.37 % 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 upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Richmond homeowner is quite strong.

The variation between the range for Richmond and Burlington, which for reference, would yield a potential premium range of 0.33% percent and 0.49% percent respectively, is derived from a number of factors, principally; the -0.02% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Burlington-South Burlington region, and heating & cooling cost differences between Richmond and Burlington.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. Richmond home value data is provided by Zillow.

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