Russell-Massachusetts Savings

Build your Russell Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could increase the value 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 find out : What’s the return on energy savings when selling the house? Below is what we found in Russell:

Put differently, a window investment in Russell can add between 0.3% percent and 1.18 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Russell homeowner is relatively clear.

The variation between the range for Russell and Boston, which for reference, would yield a potential premium range of 0.31% percent and 0.46% percent respectively, is derived from a number of factors, principally; the -0.66% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Springfield region, and energy cost differences between Russell and Boston.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research performed by the NAHB. Russell home value data is provided by Zillow.

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