Cresskill-New Jersey Savings

Increase your Cresskill Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the ROI on energy savings when it comes time to sell? Here is what we estimated in Cresskill:

In other words, a window upgrade in Cresskill can add between 0.24% percent and 1.28 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Cresskill homeowner is relatively clear.

The variation between the range for Cresskill and Atlantic City, which for reference, would yield a potential premium range of 0.17% percent and 0.24% percent respectively, is derived from a number of factors, primarily; the 4.43% 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 price differences between Cresskill and Atlantic City.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research conducted by the National Association of Homebuilders. Cresskill home value data is provided by Zillow.

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