Florham Park-New Jersey Savings

Increase your Florham Park Home’s Asking Price 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 find out : What’s the premium for energy savings on the market? Here is what we found in Florham Park:

In other words, a window upgrade in Florham Park can add anywhere from 0.23% percent and 1.26 % percent to the sale price 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 upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Florham Park homeowner is relatively clear.

The variation between the range for Florham Park and Atlantic City, which for reference, would yield a potential premium range of 0.16% percent and 0.23% percent respectively, is dependent on a number of factors, in particular; the 4.65% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling price differences between Florham Park and Atlantic City.

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

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