Budd Lake-New Jersey Savings

Increase your Budd Lake Home’s Value through Energy Savings

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Switching 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 estimate : What’s the premium for energy savings on the market? The following is what we uncovered in Budd Lake:

In other words, a window investment in Budd Lake can add between 0.21% percent and 1.04 % percent to the sale 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Budd Lake homeowner is relatively clear.

The variation between the range for Budd Lake and Atlantic City, which for reference, would yield a potential premium range of 0.18% percent and 0.27% percent respectively, may come from a number of factors, primarily; the 1.84% 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 price differences between Budd Lake and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research executed by the NAHB. Budd Lake home value data is provided by Zillow.

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