Savings Category: Replacement Window Savings

Description

Value You Can Measure

Kearny property owners have a multitude valid reasons to upgrade their windows. Repairing damaged windows, refining the design of your home etc… Certain such features should be quantified quite exactly.

First of all, windows retain 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, homeowners in Kearny, should see significant reductions on annual expenditures for electricity. If you already have dual pane windows you could save approximately $121.17 compared to $100 in Atlantic City. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $415.77 per year, compared to $274 in Atlantic City.

Increase your Kearny Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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 ascertain : What’s the ROI on energy savings on the market? This is what we estimated in Kearny:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Kearny, your home value could increase by between $727 and $1063.84 for a mid-tier or top-tier Kearny home respectively. For comparison, 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. Kearny homeowners may see an estimated home value gain of between $2494.6 for mid-tier homes and $3650.44 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

Another way to look at it, a window upgrade in Kearny can add anywhere from 0.19% percent and 0.95 % 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 Kearny homeowner is quite clear.

The variation between the range for Kearny and Atlantic City, which for reference, would yield a potential premium range of 0.16% percent and 0.23% percent respectively, is derived from a number of factors, notably; the 2.35% 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 Kearny and Atlantic City.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research performed by the National Association of Homebuilders. Kearny home value data is provided by Zillow.

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

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