Fort Lee-New Jersey Savings

Build your Fort Lee Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could increase 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 estimate : What’s the return on investment on energy savings when it comes time to sell? This is what we discovered in Fort Lee:

Put differently, a window investment in Fort Lee can add anywhere from 0.25% percent and 1.31 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Fort Lee homeowner is quite clear.

The variation between the range for Fort Lee and Atlantic City, which for reference, would yield a potential premium range of 0.18% percent and 0.25% percent respectively, can be estimated from a number of factors, notably; the 4.09% 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 heating & cooling price differences between Fort Lee and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research done by the NAHB. Fort Lee home value data is provided by Zillow.

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