Worcester-Massachusetts Savings

Increase your Worcester Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could add to 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 figure out : What’s the ROI on energy savings on the market? Below is what we discovered in Worcester:

Another way to look at it, a window upgrade in Worcester can add between 0.25% percent and 1.01 % percent to the asking price of your home through 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 Worcester homeowner is relatively strong.

The variation between the range for Worcester and Boston, which for reference, would yield a potential premium range of 0.26% percent and 0.38% percent respectively, is dependent on a number of factors, principally; the -0.59% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Worcester region, and heating & cooling cost differences between Worcester and Boston.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research done by the NAHB. Worcester home value data is provided by Zillow.

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