Description
Value You Can Measure
Atlantic Highlands homeowners have a multitude strong reasons to replace their windows. Replacing leaky windows, improving the aesthetics of your home etc… Many such values should be measured quite explicitly.
For starters, windows conserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This places windows among the top 5 home improvement investments in terms of value retention.
As for energy savings, homes in Atlantic Highlands, could notice significant savings on monthly spending for home energy. If you already have dual pane windows you could save around $127.54 compared to $100 in Atlantic City. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $458.49 per year, compared to $274 in Atlantic City.
Improve your Atlantic Highlands Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows may increase 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 answer the question : What’s the ROI on energy savings on the market? Here is what we discovered in Atlantic Highlands:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Atlantic Highlands, your home value could increase by around $765.27 and $1119.84 for a mid-tier or top-tier Atlantic Highlands home respectively. Compare this to, the same replacement in Atlantic City may get you somewhere between $600 and $878.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Atlantic Highlands homeowners could yield an estimated home value increase of between $2750.92 for mid-tier homes and $4025.52 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
Put differently, a window investment in Atlantic Highlands can add between 0.16% percent and 0.86 % percent to the asking price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Atlantic Highlands homeowner is relatively strong.
The variation between the range for Atlantic Highlands and Atlantic City, which for reference, would yield a potential premium range of 0.13% percent and 0.19% percent respectively, is dependent on a number of factors, especially; the 3.06% 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 heating & cooling cost differences between Atlantic Highlands and Atlantic City.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research performed by the National Association of Homebuilders. Atlantic Highlands home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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Energy Savings & ROI: Atlantic Highlands vs the rest of New Jersey
Find out how investing in new windows in Atlantic Highlands compares to other nearby New Jersey cities.