Wells-Vermont Savings

Improve your Wells Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on investment on energy savings on the market? The following is what we discovered in Wells:

In other words, a window upgrade in Wells can add between 0.7% percent and 3.04 % percent to the sale price of your home via 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 Wells homeowner is quite clear.

The variation between the range for Wells and Burlington, which for reference, would yield a potential premium range of 0.67% percent and 0.98% percent respectively, is dependent on a number of factors, especially; the 0.49% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Rutland region, and energy price differences between Wells and Burlington.

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

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