Asbury Park-New Jersey Savings

Improve your Asbury Park Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can 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 find out : What’s the return on investment on energy savings when selling the house? Here is what we discovered in Asbury Park:

Another way to look at it, a window investment in Asbury Park can add anywhere from 0.19% percent and 0.94 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Asbury Park homeowner is relatively strong.

The variation between the range for Asbury Park and Atlantic City, which for reference, would yield a potential premium range of 0.15% percent and 0.22% percent respectively, is derived from a number of factors, especially; the 2.4% 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 Asbury Park and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research conducted by the NAHB. Asbury Park home value data is provided by Zillow.

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