Salem-Massachusetts Savings

Grow your Salem Home’s Asking Price through Energy Savings

[lme-module module=”market-stats” city=”Salem” state=”MA”]

Replacing your windows to EnergyStar rated National Vinyl windows may add to 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 evaluate : What’s the return on investment on energy savings if you put your house up for sale? This is what we uncovered in Salem:

Another way to look at it, a window investment in Salem can add anywhere from 0.16% percent and 0.68 % percent to the value 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 Salem homeowner is quite strong.

The variation between the range for Salem and Boston, which for reference, would yield a potential premium range of 0.17% percent and 0.24% percent respectively, is derived from a number of factors, in particular; the -0.35% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and energy price differences between Salem and Boston.

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

[lme-module module=”market-activity” city=”Salem” state=”MA”]

Directions from Salem to our headquarters