Watertown-Connecticut Savings

Improve your Watertown Home’s Asking 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 figure out : What’s the premium for energy savings if you sell your home? What follows is what we estimated in Watertown:

In other words, a window upgrade in Watertown can add anywhere from 0.48% percent and 2.02 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Watertown homeowner is relatively strong.

The variation between the range for Watertown and Hartford, which for reference, would yield a potential premium range of 0.44% percent and 0.64% percent respectively, is dependent on a number of factors, principally; the 1.04% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Torrington region, and energy price differences between Watertown and Hartford.

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

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