Value You Can Measure
Alpine residents have a multitude good reasons to upgrade their windows. Replacing leaky windows, improving the decor of your home etc… Some such values can be quantified quite exactly.
For starters, 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.
As for energy savings, residents of Alpine, will most probably notice important reductions on monthly costs for electricity. If you already have dual pane windows you could save approximately $273.64 compared to $100 in Atlantic City. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $1437 annually, compared to $274 in Atlantic City.
Increase your Alpine Home’s Asking Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows could add to 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the ROI on energy savings on the market? This is what we found in Alpine:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Alpine, your home value could increase by between $3557.32 and $5633.98 for a mid-tier or top-tier Alpine home respectively. For comparison, the same upgrade in Atlantic City could add somewhere between $1300 and $2058.9.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Alpine homeowners could see an estimated home value increase of between $18681.06 for mid-tier homes and $29586.48 for the top tier. Compare this to between $3562 and $5641.39 in Atlantic City.
Put differently, a window investment in Alpine can add between 0.15% percent and 1.27 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Alpine homeowner is relatively clear.
The variation between the range for Alpine and Atlantic City, which for reference, would yield a potential premium range of 0.06% percent and 0.09% percent respectively, may come from a number of factors, particularly; the 19.29% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling price differences between Alpine and Atlantic City.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. Alpine home value data is provided by Zillow.
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