Savings Category: Replacement Window Savings

Description

Value You Can Measure

Haledon homeowners have countless valid reasons to upgrade their windows. Replacing old windows, changing the design of your home etc… Certain such benefits should be quantified rather explicitly.

To start, windows maintain 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.

With regards to energy savings, households located in Haledon, are likely to have significant decreases on daily expenditures for energy. If you already have dual pane windows you may save approximately $117.11 compared to $100 in Atlantic City. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $388.61 annually, compared to $274 in Atlantic City.

Grow your Haledon Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can increase the asking 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the premium for energy savings when it comes time to sell? Here is what we estimated in Haledon:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Haledon, your home value could increase by between $702.67 and $1028.24 for a mid-tier or top-tier Haledon 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. Haledon homeowners could see an estimated home value increase of between $2331.64 for mid-tier homes and $3411.97 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

In other words, a window upgrade in Haledon can add anywhere from 0.21% percent and 1.03 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Haledon homeowner is relatively strong.

The variation between the range for Haledon and Atlantic City, which for reference, would yield a potential premium range of 0.18% percent and 0.26% percent respectively, can be estimated from a number of factors, especially; the 1.9% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling price differences between Haledon and Atlantic City.

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

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Energy Savings & ROI: Haledon vs the rest of New Jersey

Find out how investing in new windows in Haledon compares to other nearby New Jersey cities.