Wakefield-Massachusetts Savings

Grow your Wakefield Home’s Asking Price through Energy Savings

[lme-module module=”market-stats” city=”Wakefield” state=”MA”]

Upgrading your windows to EnergyStar rated National Vinyl windows can 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 figure out : What’s the return on investment on energy savings if you sell your home? What follows is what we discovered in Wakefield:

In other words, a window upgrade in Wakefield can add anywhere from 0.21% percent and 0.88 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Wakefield homeowner is quite clear.

The variation between the range for Wakefield and Boston, which for reference, would yield a potential premium range of 0.21% percent and 0.3% percent respectively, can be estimated from a number of factors, primarily; the -0.11% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and heating & cooling price differences between Wakefield and Boston.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research performed by the National Association of Homebuilders. Wakefield home value data is provided by Zillow.

[lme-module module=”market-activity” city=”Wakefield” state=”MA”]

Directions from Wakefield to our headquarters