Chester-New Jersey Savings

Increase your Chester Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may increase 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on investment on energy savings when it comes time to sell? Here is what we uncovered in Chester:

In other words, a window upgrade in Chester can add anywhere from 0.25% percent and 1.31 % 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 Chester homeowner is relatively strong.

The variation between the range for Chester and Atlantic City, which for reference, would yield a potential premium range of 0.18% percent and 0.25% percent respectively, is derived from a number of factors, principally; the 4.14% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy cost differences between Chester and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research performed by the National Association of Homebuilders. Chester home value data is provided by Zillow.

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