Springfield-Massachusetts Savings

Increase your Springfield Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could add to the value 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 ascertain : What’s the return on investment on energy savings when it comes time to sell? Below is what we discovered in Springfield:

Put differently, a window investment in Springfield can add between 0.37% percent and 1.45 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Springfield homeowner is relatively strong.

The variation between the range for Springfield and Boston, which for reference, would yield a potential premium range of 0.39% percent and 0.57% percent respectively, may come from a number of factors, notably; the -0.72% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Springfield region, and energy price differences between Springfield and Boston.

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

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