Fanwood-New Jersey Savings

Increase your Fanwood Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can add to 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 uncover : What’s the return on investment on energy savings when selling the house? The following is what we estimated in Fanwood:

Another way to look at it, a window upgrade in Fanwood can add between 0.16% percent and 0.86 % percent to the asking price 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Fanwood homeowner is relatively clear.

The variation between the range for Fanwood and Atlantic City, which for reference, would yield a potential premium range of 0.13% percent and 0.19% percent respectively, can be estimated from a number of factors, particularly; the 3.13% 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 energy price differences between Fanwood and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research performed by the National Association of Homebuilders. Fanwood home value data is provided by Zillow.

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