Franklin-New Jersey Savings

Build your Franklin Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could 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 estimate : What’s the premium for energy savings if you put your house up for sale? Here is what we estimated in Franklin:

Put differently, a window investment in Franklin can add anywhere from 0.31% percent and 1.36 % percent to the value 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Franklin homeowner is quite strong.

The variation between the range for Franklin and Atlantic City, which for reference, would yield a potential premium range of 0.29% percent and 0.42% percent respectively, may come from a number of factors, especially; the 0.81% 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 Franklin and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research conducted by the NAHB. Franklin home value data is provided by Zillow.

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