How Much are Home Buyers Willing to Pay

According to a recent article from Eye on Housing written by Carmel Ford on average home buyers are willing to pay an additional $8,728 upfront on a home in order to save $1,000 a year in utility bills. These numbers were gotten from a study done by the National Association of Home Builders. This study was conducted by surveying recent and prospective home buyers about what they want in a home and community.

According to the study, only 17% of buyers said they would be willing to pay less than $1,000 upfront. 46% of buyers said they would be willing to spend anywhere from $1,000 to $9,999 in additional upfront costs and 37% of buyers said they would be willing to spend $10,000 or more upfront. Additional data shows that homebuyers who are already willing to spend $500,000 on a home will pay on average $10,560 for more energy efficiency. This data also showed that home buyers who were spending less than $150,000 on a home would spend only $6,653 in order to save money on energy.

Comfenergy can help you prepare your home to maximize your potential earnings when you decide to sell, or we can help you save money on energy bills in your new home. Our expert service providers can give you a free consultation to find out how you can make your home as energy-efficient as possible.