South Portland-Maine Savings

Increase your South Portland 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the premium for energy savings if you put your house up for sale? What follows is what we estimated in South Portland:

In other words, a window upgrade in South Portland can add anywhere from 0.22% percent and 1.06 % percent to the sale price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a South Portland homeowner is relatively strong.

The variation between the range for South Portland and Portland, which for reference, would yield a potential premium range of 0.22% percent and 0.32% percent respectively, can be estimated from a number of factors, in particular; the -0.06% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Portland-South Portland region, and heating & cooling price differences between South Portland and Portland.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research executed by the National Association of Homebuilders. South Portland home value data is provided by Zillow.

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