West Springfield-Massachusetts Savings

Increase your West Springfield Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can increase 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on investment on energy savings if you sell your home? The following is what we discovered in West Springfield:

Put differently, a window upgrade in West Springfield can add between 0.27% percent and 1.1 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a West Springfield homeowner is relatively strong.

The variation between the range for West Springfield and Boston, which for reference, would yield a potential premium range of 0.29% percent and 0.42% percent respectively, is dependent on a number of factors, particularly; the -0.63% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Springfield region, and energy cost differences between West Springfield and Boston.

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

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