Description
Value You Can Measure
Hasbrouck Heights residents have countless great reasons to replace their windows. Repairing damaged windows, revamping the look and feel of your home etc… Some such benefits should be quantified rather precisely.
For starters, windows preserve 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.
In terms of energy savings, homes in Hasbrouck Heights, should have significant reductions on weekly bill for heating & cooling. If you already have dual pane windows you may save around $126.11 compared to $100 in Atlantic City. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $448.91 per annum, compared to $274 in Atlantic City.
Build your Hasbrouck Heights Home’s Resale Price through Energy Savings
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Upgrading 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the premium for energy savings on the market? Below is what we found in Hasbrouck Heights:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Hasbrouck Heights, your home value could increase by between $756.69 and $1107.29 for a mid-tier or top-tier Hasbrouck Heights home respectively. For comparison, the same replacement in Atlantic City could yield somewhere between $600 and $878.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Hasbrouck Heights homeowners may see an estimated home value gain of between $2693.46 for mid-tier homes and $3941.42 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
In other words, a window upgrade in Hasbrouck Heights can add anywhere from 0.17% percent and 0.88 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Hasbrouck Heights homeowner is quite clear.
The variation between the range for Hasbrouck Heights and Atlantic City, which for reference, would yield a potential premium range of 0.13% percent and 0.2% percent respectively, is derived from a number of factors, particularly; the 2.9% 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 energy price differences between Hasbrouck Heights and Atlantic City.
The data presented is based on EnergyStar, the NREL,Department of Energy and professional research done by the NAHB. Hasbrouck Heights 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: Hasbrouck Heights vs the rest of New Jersey
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