Ridgefield-Connecticut Savings

Grow your Ridgefield Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may increase the sale 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 if you sell your home? This is what we estimated in Ridgefield:

In other words, a window investment in Ridgefield can add between 0.43% percent and 2.11 % percent to the value 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 Ridgefield homeowner is quite strong.

The variation between the range for Ridgefield and Hartford, which for reference, would yield a potential premium range of 0.31% percent and 0.44% percent respectively, is derived from a number of factors, primarily; the 4.03% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Bridgeport-Stamford-Norwalk region, and energy price differences between Ridgefield and Hartford.

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

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