Somers-Connecticut Savings

Increase your Somers Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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 uncover : What’s the return on investment on energy savings if you put your house up for sale? Here is what we found in Somers:

Another way to look at it, a window upgrade in Somers can add anywhere from 0.4% percent and 1.76 % percent to the value 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 Somers homeowner is relatively strong.

The variation between the range for Somers and Hartford, which for reference, would yield a potential premium range of 0.35% percent and 0.51% percent respectively, may come from a number of factors, primarily; the 1.55% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Hartford-West Hartford-East Hartford region, and energy cost differences between Somers and Hartford.

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

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