Wellesley-Massachusetts Savings

Improve your Wellesley Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to 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 determine : What’s the return on investment on energy savings when it comes time to sell? What follows is what we found in Wellesley:

Put differently, a window investment in Wellesley can add between 0.12% percent and 0.65 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Wellesley homeowner is relatively clear.

The variation between the range for Wellesley and Boston, which for reference, would yield a potential premium range of 0.11% percent and 0.17% percent respectively, can be estimated from a number of factors, notably; the 1.15% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Boston-Cambridge-Newton region, and energy cost differences between Wellesley and Boston.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research done by the NAHB. Wellesley home value data is provided by Zillow.

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