Hoboken-New Jersey Savings

Grow your Hoboken Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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 determine : What’s the premium for energy savings if you sell your home? This is what we estimated in Hoboken:

Put differently, a window investment in Hoboken can add between 0.22% percent and 1.21 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Hoboken homeowner is quite strong.

The variation between the range for Hoboken and Atlantic City, which for reference, would yield a potential premium range of 0.15% percent and 0.2% percent respectively, may come from a number of factors, primarily; the 5.27% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy cost differences between Hoboken and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research performed by the NAHB. Hoboken home value data is provided by Zillow.

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