Savings Category: Replacement Window Savings

Description

Value You Can Measure

Deal property owners have a whole host good reasons to change their windows. Repairing broken windows, improving the style of your home etc… Certain such values can be quantified quite exactly.

First of all, windows preserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.

With regards to energy savings, households located in Deal, may see important reductions on weekly spending for energy. If you already have dual pane windows you could save approximately $276.34 compared to $100 in Atlantic City. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $1455.11 annually, compared to $274 in Atlantic City.

Grow your Deal Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may 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 return on energy savings if you put your house up for sale? Here is what we found in Deal:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Deal, your home value could increase by around $3592.46 and $5689.63 for a mid-tier or top-tier Deal home respectively. Compare this to, the same replacement in Atlantic City could yield somewhere between $1300 and $2058.9.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Deal homeowners may see an estimated home value gain of between $18916.42 for mid-tier homes and $29959.24 for the top tier. Compare this to between $3562 and $5641.39 in Atlantic City.

In other words, a window investment in Deal can add anywhere from 0.15% percent and 1.27 % percent to the asking price of your home via 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 Deal homeowner is quite clear.

The variation between the range for Deal and Atlantic City, which for reference, would yield a potential premium range of 0.06% percent and 0.09% percent respectively, is dependent on a number of factors, in particular; the 19.59% 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 heating & cooling price differences between Deal and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. Deal home value data is provided by Zillow.

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

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