Glen Ridge-New Jersey Savings

Improve your Glen Ridge Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can increase the value 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 determine : What’s the return on energy savings if you put your house up for sale? The following is what we estimated in Glen Ridge:

In other words, a window upgrade in Glen Ridge can add between 0.22% percent and 1.24 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Glen Ridge homeowner is quite strong.

The variation between the range for Glen Ridge and Atlantic City, which for reference, would yield a potential premium range of 0.16% percent and 0.22% percent respectively, is derived from a number of factors, principally; the 4.92% 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 energy price differences between Glen Ridge and Atlantic City.

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

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