Savings Category: Replacement Window Savings

Description

Value You Can Measure

Allenhurst property owners have plenty valid reasons to replace their windows. Repairing old windows, refining the style of your home etc… Other such features should be counted relatively precisely.

To start, windows preserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.

In terms of energy savings, homeowners in Allenhurst, may experience significant reductions on daily expenditures for home energy. If you already have dual pane windows you may save around $237.94 compared to $100 in Atlantic City. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $1197.92 every year, compared to $274 in Atlantic City.

Increase your Allenhurst Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may increase 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the premium for energy savings if you put your house up for sale? This is what we found in Allenhurst:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Allenhurst, your home value could increase by between $3093.27 and $4899.02 for a mid-tier or top-tier Allenhurst home respectively. Compare this to, the same replacement in Atlantic City could yield somewhere between $1300 and $2058.9.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Allenhurst homeowners could see an estimated home value gain of between $15572.9 for mid-tier homes and $24663.88 for the top tier. Compare this to between $3562 and $5641.39 in Atlantic City.

In other words, a window investment in Allenhurst can add between 0.17% percent and 1.32 % 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 upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Allenhurst homeowner is quite clear.

The variation between the range for Allenhurst and Atlantic City, which for reference, would yield a potential premium range of 0.07% percent and 0.11% percent respectively, may come from a number of factors, primarily; the 15.33% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Allenhurst and Atlantic City.

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

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Energy Savings & ROI: Allenhurst vs the rest of New Jersey

Find out how investing in new windows in Allenhurst compares to other nearby New Jersey cities.