Savings Category: Replacement Window Savings

Description

Value You Can Measure

Cliffwood Beach homeowners have a multitude excellent reasons to replace their windows. Fixing damaged windows, changing the look and feel of your home etc… Some such values may be measured quite precisely.

To begin with, 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.

In terms of energy savings, households located in Cliffwood Beach, can expect to have considerable reductions on monthly bill for heating & cooling. If you already have dual pane windows you could save about $112.59 compared to $100 in Atlantic City. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $358.34 every year, compared to $274 in Atlantic City.

Grow your Cliffwood Beach Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can add to 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the premium for energy savings if you put your house up for sale? The following is what we estimated in Cliffwood Beach:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Cliffwood Beach, your home value could increase by around $675.55 and $988.56 for a mid-tier or top-tier Cliffwood Beach home respectively. For comparison, the same replacement in Atlantic City could yield somewhere between $600 and $878.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Cliffwood Beach homeowners may see an estimated home value gain of between $2150.03 for mid-tier homes and $3146.21 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

Put differently, a window investment in Cliffwood Beach can add anywhere from 0.25% percent and 1.14 % 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 upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Cliffwood Beach homeowner is quite clear.

The variation between the range for Cliffwood Beach and Atlantic City, which for reference, would yield a potential premium range of 0.22% percent and 0.32% percent respectively, may come from a number of factors, notably; the 1.4% 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 energy cost differences between Cliffwood Beach and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research conducted by the National Association of Homebuilders. Cliffwood Beach home value data is provided by Zillow.

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Energy Savings & ROI: Cliffwood Beach vs the rest of New Jersey

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