Woburn-Massachusetts Savings

Increase your Woburn Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could increase the sale 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 investment on energy savings when selling the house? What follows is what we found in Woburn:

In other words, a window investment in Woburn can add between 0.22% percent and 0.92 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Woburn homeowner is relatively strong.

The variation between the range for Woburn and Boston, which for reference, would yield a potential premium range of 0.23% percent and 0.32% percent respectively, is dependent on a number of factors, in particular; the -0.17% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and heating & cooling cost differences between Woburn and Boston.

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

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