Bay Head-New Jersey Savings

Build your Bay Head Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the return on energy savings when it comes time to sell? The following is what we estimated in Bay Head:

In other words, a window investment in Bay Head can add anywhere from 0.19% percent and 1.42 % 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 Bay Head homeowner is relatively clear.

The variation between the range for Bay Head and Atlantic City, which for reference, would yield a potential premium range of 0.1% percent and 0.16% percent respectively, may come from a number of factors, particularly; the 10.43% 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 Bay Head and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research conducted by the NAHB. Bay Head home value data is provided by Zillow.

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