Savings Category: Replacement Window Savings

Description

Value You Can Measure

Chatham property owners have countless valid reasons to change their windows. Fixing leaky windows, changing the look and feel of your home etc… Certain such features can be counted relatively accurately.

To begin with, 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.

As for energy savings, homes in Chatham, could experience impressive reductions on annual bill for home energy. If you already have dual pane windows you may save approximately $154.82 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 about $641.18 every year, compared to $274 in Atlantic City.

Grow your Chatham Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could increase 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.

In addition, 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 put your house up for sale? Below is what we uncovered in Chatham:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Chatham, your home value could increase by between $1634.92 and $2279.9 for a mid-tier or top-tier Chatham home respectively. For comparison, the same upgrade in Atlantic City may get you somewhere between $1056 and $1472.6.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Chatham homeowners could expect an estimated home value gain of between $6770.89 for mid-tier homes and $9442.06 for the top tier. Compare this to between $2893.44 and $4034.92 in Atlantic City.

Put differently, a window upgrade in Chatham can add between 0.2% percent and 1.16 % percent to the value of your home through 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 Chatham homeowner is quite strong.

The variation between the range for Chatham and Atlantic City, which for reference, would yield a potential premium range of 0.13% percent and 0.18% percent respectively, can be estimated from a number of factors, principally; the 6.09% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Chatham and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research done by the National Association of Homebuilders. Chatham home value data is provided by Zillow.

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

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