Westfield-Massachusetts Savings

Improve your Westfield Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the return on investment on energy savings when it comes time to sell? This is what we uncovered in Westfield:

Another way to look at it, a window investment in Westfield can add anywhere from 0.26% percent and 1.07 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Westfield homeowner is quite strong.

The variation between the range for Westfield and Boston, which for reference, would yield a potential premium range of 0.28% percent and 0.41% percent respectively, is derived from a number of factors, principally; the -0.62% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Springfield region, and energy price differences between Westfield and Boston.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research conducted by the NAHB. Westfield home value data is provided by Zillow.

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