Value You Can Measure
Glen Rock property owners have many excellent reasons to upgrade their windows. Upgrading old windows, improving the design of your home etc… Some such benefits may be measured relatively clearly.
Firstly, windows conserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This places windows among the top 5 home improvement investments in terms of value retention.
As for energy savings, homeowners in Glen Rock, could have large declines on monthly spending for home energy. If you already have dual pane windows you could save about $141.51 compared to $100 in Atlantic City. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $552 every year, compared to $274 in Atlantic City.
Grow your Glen Rock Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows could 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the ROI on energy savings on the market? Here is what we discovered in Glen Rock:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Glen Rock, your home value could increase by between $1494.3 and $2083.81 for a mid-tier or top-tier Glen Rock home respectively. Compare this to, the same upgrade in Atlantic City could add somewhere between $1056 and $1472.6.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Glen Rock homeowners could expect an estimated home value gain of between $5829.08 for mid-tier homes and $8128.69 for the top tier. Compare this to between $2893.44 and $4034.92 in Atlantic City.
Another way to look at it, a window upgrade in Glen Rock 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. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Glen Rock homeowner is relatively clear.
The variation between the range for Glen Rock 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, particularly; the 4.61% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between Glen Rock and Atlantic City.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research conducted by the National Association of Homebuilders. Glen Rock home value data is provided by Zillow.
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