Wiscasset-Maine Savings

Improve your Wiscasset Home’s Value through Energy Savings

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Replacing 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 find out : What’s the return on energy savings on the market? Here is what we estimated in Wiscasset:

In other words, a window upgrade in Wiscasset can add between 0.33% percent and 1.52 % 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Wiscasset homeowner is quite strong.

The variation between the range for Wiscasset and Portland, which for reference, would yield a potential premium range of 0.34% percent and 0.5% percent respectively, may come from a number of factors, notably; the -0.39% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the region, and heating & cooling cost differences between Wiscasset and Portland.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research done by the National Association of Homebuilders. Wiscasset home value data is provided by Zillow.

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