Woonsocket-Rhode Island Savings

Grow your Woonsocket 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 answer the question : What’s the premium for energy savings when selling the house? Here is what we discovered in Woonsocket:

Another way to look at it, a window upgrade in Woonsocket can add anywhere from 0.31% percent and 1.33 % percent to the asking 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 Woonsocket homeowner is quite clear.

The variation between the range for Woonsocket and Providence, which for reference, would yield a potential premium range of 0.31% percent and 0.46% percent respectively, is derived from a number of factors, notably; the -0.07% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Providence-Warwick region, and heating & cooling price differences between Woonsocket and Providence.

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

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