Elmwood Park-New Jersey Savings

Increase your Elmwood Park Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to the value 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 estimate : What’s the ROI on energy savings when selling the house? This is what we uncovered in Elmwood Park:

In other words, a window investment in Elmwood Park can add anywhere from 0.19% percent and 0.94 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Elmwood Park homeowner is quite strong.

The variation between the range for Elmwood Park and Atlantic City, which for reference, would yield a potential premium range of 0.15% percent and 0.23% percent respectively, can be estimated from a number of factors, notably; the 2.4% 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 heating & cooling cost differences between Elmwood Park and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research conducted by the National Association of Homebuilders. Elmwood Park home value data is provided by Zillow.

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