Fair Haven-New Jersey Savings

Increase your Fair Haven Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the premium for energy savings if you put your house up for sale? This is what we uncovered in Fair Haven:

Put differently, a window investment in Fair Haven can add anywhere from 0.2% percent and 1.17 % percent to the value 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Fair Haven homeowner is relatively clear.

The variation between the range for Fair Haven and Atlantic City, which for reference, would yield a potential premium range of 0.13% percent and 0.19% percent respectively, is derived from a number of factors, notably; the 5.87% 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 price differences between Fair Haven and Atlantic City.

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

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