Somerset-Massachusetts Savings

Increase your Somerset Home’s Value through Energy Savings

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Replacing 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on investment on energy savings when selling the house? The following is what we estimated in Somerset:

Another way to look at it, a window upgrade in Somerset can add between 0.21% percent and 0.85 % percent to the asking 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Somerset homeowner is quite strong.

The variation between the range for Somerset and Boston, which for reference, would yield a potential premium range of 0.22% percent and 0.32% percent respectively, is derived from a number of factors, notably; the -0.51% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Providence-Warwick region, and heating & cooling price differences between Somerset and Boston.

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

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