Bayonne-New Jersey Savings

Build your Bayonne Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the ROI on energy savings on the market? Here is what we estimated in Bayonne:

Another way to look at it, a window upgrade in Bayonne can add anywhere from 0.18% percent and 0.93 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Bayonne homeowner is relatively clear.

The variation between the range for Bayonne 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 2.47% 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 Bayonne and Atlantic City.

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

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