Description
Value You Can Measure
Bradley Beach property owners have countless excellent reasons to change their windows. Fixing old windows, revamping the decor of your home etc… Many such benefits may be measured relatively accurately.
First of all, windows maintain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This sets windows among the top 5 home improvement investments in terms of value retention.
In terms of energy savings, people living in Bradley Beach, may see important savings on daily expenditures for home energy. If you already have dual pane windows you may save around $142.85 compared to $100 in Atlantic City. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $560.98 annually, compared to $274 in Atlantic City.
Increase your Bradley Beach Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows could add to 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 if you sell your home? Below is what we estimated in Bradley Beach:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Bradley Beach, your home value could increase by between $1508.47 and $2103.58 for a mid-tier or top-tier Bradley Beach home respectively. Compare this to, the same upgrade in Atlantic City could add somewhere between $1056 and $1472.6.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Bradley Beach homeowners may expect an estimated home value increase of between $5924 for mid-tier homes and $8261.06 for the top tier. Compare this to between $2893.44 and $4034.92 in Atlantic City.
In other words, a window investment in Bradley Beach can add between 0.23% percent and 1.25 % percent to the asking price of your home through 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 Bradley Beach homeowner is quite clear.
The variation between the range for Bradley Beach and Atlantic City, which for reference, would yield a potential premium range of 0.16% percent and 0.22% percent respectively, is derived from a number of factors, principally; the 4.76% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between Bradley Beach and Atlantic City.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. Bradley Beach 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: Bradley Beach vs the rest of New Jersey
Find out how investing in new windows in Bradley Beach compares to other nearby New Jersey cities.