East Orange-New Jersey Savings

Build your East Orange Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can increase the asking 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 ascertain : What’s the premium for energy savings on the market? Here is what we estimated in East Orange:

Another way to look at it, a window upgrade in East Orange can add anywhere from 0.26% percent and 1.18 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a East Orange homeowner is quite clear.

The variation between the range for East Orange and Atlantic City, which for reference, would yield a potential premium range of 0.23% percent and 0.34% percent respectively, can be estimated from a number of factors, particularly; the 1.28% 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 heating & cooling cost differences between East Orange and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. East Orange home value data is provided by Zillow.

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