Florence-New Jersey Savings

Increase your Florence Home’s Resale Price 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 evaluate : What’s the return on investment on energy savings when it comes time to sell? The following is what we found in Florence:

Put differently, a window investment in Florence can add anywhere from 0.22% percent and 1.05 % percent to the sale price of your home through 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 Florence homeowner is relatively strong.

The variation between the range for Florence and Atlantic City, which for reference, would yield a potential premium range of 0.19% percent and 0.28% percent respectively, is derived from a number of factors, principally; the 1.78% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Philadelphia-Camden-Wilmington region, and energy price differences between Florence and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research done by the NAHB. Florence home value data is provided by Zillow.

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