Description
Value You Can Measure
Bordentown property owners have many good reasons to replace their windows. Fixing broken windows, revamping the style of your home etc… Many such features should be quantified relatively explicitly.
For starters, windows retain 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.
With regards to energy savings, households located in Bordentown, should notice important drops on annual bill for energy. If you already have dual pane windows you could save around $110.44 compared to $100 in Atlantic City. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $343.89 annually, compared to $274 in Atlantic City.
Grow your Bordentown Home’s Resale Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows could add to 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 find out : What’s the ROI on energy savings if you put your house up for sale? The following is what we found in Bordentown:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Bordentown, your home value could increase by between $662.61 and $969.62 for a mid-tier or top-tier Bordentown home respectively. For comparison, the same replacement in Atlantic City could add somewhere between $600 and $878.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Bordentown homeowners may yield an estimated home value increase of between $2063.35 for mid-tier homes and $3019.37 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
Put differently, a window investment in Bordentown can add between 0.27% percent and 1.22 % percent to the sale price 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Bordentown homeowner is relatively strong.
The variation between the range for Bordentown and Atlantic City, which for reference, would yield a potential premium range of 0.24% percent and 0.35% percent respectively, is dependent on a number of factors, notably; the 1.16% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Philadelphia-Camden-Wilmington region, and energy price differences between Bordentown and Atlantic City.
The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research done by the National Association of Homebuilders. Bordentown 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: Bordentown vs the rest of New Jersey
Find out how investing in new windows in Bordentown compares to other nearby New Jersey cities.