Somerville-Massachusetts Savings

Increase your Somerville Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the premium for energy savings if you sell your home? Below is what we found in Somerville:

Another way to look at it, a window investment in Somerville can add between 0.16% percent and 0.7 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Somerville homeowner is quite clear.

The variation between the range for Somerville and Boston, which for reference, would yield a potential premium range of 0.16% percent and 0.22% percent respectively, can be estimated from a number of factors, particularly; the 0.19% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and heating & cooling cost differences between Somerville and Boston.

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

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