Savings Category: Replacement Window Savings

Description

Value You Can Measure

Boonton homeowners have countless excellent reasons to replace their windows. Upgrading leaky windows, changing the look and feel of your home etc… Some such values can be counted quite precisely.

To start, windows preserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.

With regards to energy savings, people living in Boonton, may have important decreases on daily bill for energy. If you already have dual pane windows you could save approximately $123.19 compared to $100 in Atlantic City. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $429.32 per year, compared to $274 in Atlantic City.

Build your Boonton Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may add to 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 find out : What’s the premium for energy savings when it comes time to sell? Here is what we estimated in Boonton:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Boonton, your home value could increase by between $739.14 and $1081.61 for a mid-tier or top-tier Boonton home respectively. Compare this to, the same replacement in Atlantic City could yield somewhere between $600 and $878.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Boonton homeowners could expect an estimated home value gain of between $2575.94 for mid-tier homes and $3769.46 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

In other words, a window upgrade in Boonton can add between 0.18% percent and 0.92 % 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 initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Boonton homeowner is relatively clear.

The variation between the range for Boonton and Atlantic City, which for reference, would yield a potential premium range of 0.15% percent and 0.21% percent respectively, may come from a number of factors, principally; the 2.58% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy cost differences between Boonton and Atlantic City.

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

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Energy Savings & ROI: Boonton vs the rest of New Jersey

Find out how investing in new windows in Boonton compares to other nearby New Jersey cities.