Value You Can Measure
Ho Ho Kus property owners have a multitude excellent reasons to upgrade their windows. Fixing old windows, refining the design of your home etc… Other such features can be calculated rather precisely.
First of all, 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.
As for energy savings, houses in Ho Ho Kus, can expect to see major declines on daily spending for heating & cooling. If you already have dual pane windows you could save approximately $150.7 compared to $100 in Atlantic City. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $613.56 per year, compared to $274 in Atlantic City.
Improve your Ho Ho Kus Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows can add to 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 evaluate : What’s the ROI on energy savings if you sell your home? Below is what we found in Ho Ho Kus:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Ho Ho Kus, your home value could increase by between $1591.36 and $2219.16 for a mid-tier or top-tier Ho Ho Kus home respectively. For comparison, the same upgrade in Atlantic City may get you somewhere between $1056 and $1472.6.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Ho Ho Kus homeowners could see an estimated home value gain of between $6479.15 for mid-tier homes and $9035.23 for the top tier. Compare this to between $2893.44 and $4034.92 in Atlantic City.
Another way to look at it, a window investment in Ho Ho Kus can add between 0.21% percent and 1.19 % percent to the value of your home by way of 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 Ho Ho Kus homeowner is quite strong.
The variation between the range for Ho Ho Kus and Atlantic City, which for reference, would yield a potential premium range of 0.14% percent and 0.19% percent respectively, is derived from a number of factors, in particular; the 5.63% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy price differences between Ho Ho Kus and Atlantic City.
The data presented is based on EnergyStar, the NREL,Department of Energy and professional research performed by the NAHB. Ho Ho Kus home value data is provided by Zillow.
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