Andover-New Jersey Savings

Grow your Andover Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could increase 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 ascertain : What’s the return on energy savings when it comes time to sell? The following is what we estimated in Andover:

Another way to look at it, a window investment in Andover can add anywhere from 0.19% percent and 0.96 % percent to the sale price 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 Andover homeowner is quite clear.

The variation between the range for Andover and Atlantic City, which for reference, would yield a potential premium range of 0.16% percent and 0.23% percent respectively, may come from a number of factors, primarily; the 2.3% 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 cost differences between Andover and Atlantic City.

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

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