Description
Value You Can Measure
Hackettstown residents have a multitude valid reasons to replace their windows. Upgrading old windows, refining the decor of your home etc… Other such benefits should be measured quite explicitly.
First of all, windows conserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This sets windows among the top 5 home improvement investments in terms of value retention.
In terms of energy savings, homes in Hackettstown, can expect to notice large drops on weekly expenditures for electricity. If you already have dual pane windows you may save approximately $113.83 compared to $100 in Atlantic City. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $366.65 per annum, compared to $274 in Atlantic City.
Increase your Hackettstown Home’s Value through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows could add to 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 figure out : What’s the ROI on energy savings if you put your house up for sale? What follows is what we found in Hackettstown:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Hackettstown, your home value could increase by around $682.99 and $999.45 for a mid-tier or top-tier Hackettstown home respectively. For comparison, the same upgrade in Atlantic City may get you somewhere between $600 and $878.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Hackettstown homeowners could see an estimated home value increase of between $2199.88 for mid-tier homes and $3219.16 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
In other words, a window investment in Hackettstown can add between 0.23% percent and 1.11 % percent to the value of your home through 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 Hackettstown homeowner is relatively clear.
The variation between the range for Hackettstown and Atlantic City, which for reference, would yield a potential premium range of 0.21% percent and 0.3% percent respectively, can be estimated from a number of factors, notably; the 1.54% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Allentown-Bethlehem-Easton region, and energy price differences between Hackettstown and Atlantic City.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research executed by the National Association of Homebuilders. Hackettstown home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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Energy Savings & ROI: Hackettstown vs the rest of New Jersey
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