Savings Category: Replacement Window Savings

Description

Value You Can Measure

Harmony property owners have a multitude great reasons to upgrade their windows. Fixing damaged windows, changing the design of your home etc… Other such values can be quantified quite explicitly.

To begin with, windows maintain 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.

With regards to energy savings, people living in Harmony, will most probably notice important savings on annual expenditures for energy. If you already have dual pane windows you could save about $109.7 compared to $100 in Atlantic City. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $338.95 every year, compared to $274 in Atlantic City.

Grow your Harmony Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can increase 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the premium for energy savings if you sell your home? What follows is what we uncovered in Harmony:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Harmony, your home value could increase by around $658.18 and $963.14 for a mid-tier or top-tier Harmony home respectively. Compare this to, the same replacement in Atlantic City could add somewhere between $600 and $878.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Harmony homeowners may expect an estimated home value gain of between $2033.69 for mid-tier homes and $2975.97 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

In other words, a window investment in Harmony can add between 0.28% percent and 1.25 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Harmony homeowner is relatively clear.

The variation between the range for Harmony and Atlantic City, which for reference, would yield a potential premium range of 0.25% percent and 0.37% percent respectively, can be estimated from a number of factors, in particular; the 1.08% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Allentown-Bethlehem-Easton region, and heating & cooling cost differences between Harmony and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research executed by the National Association of Homebuilders. Harmony home value data is provided by Zillow.

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

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