Somersworth-New Hampshire Savings

Increase your Somersworth Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could 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 determine : What’s the premium for energy savings if you put your house up for sale? This is what we uncovered in Somersworth:

Another way to look at it, a window upgrade in Somersworth can add between 0.42% percent and 1.67 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Somersworth homeowner is relatively strong.

The variation between the range for Somersworth and Concord, which for reference, would yield a potential premium range of 0.42% percent and 0.61% percent respectively, can be estimated from a number of factors, particularly; the -0.02% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Boston-Cambridge-Newton region, and energy cost differences between Somersworth and Concord.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research conducted by the NAHB. Somersworth home value data is provided by Zillow.

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