Savings Category: Replacement Window Savings

Description

Value You Can Measure

Lakewood property owners have countless great reasons to upgrade their windows. Updating damaged windows, revamping the decor of your home etc… Certain such features should be counted rather precisely.

Firstly, 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, households located in Lakewood, can expect to have impressive declines on weekly expenditures for energy. If you already have dual pane windows you may save about $116.84 compared to $100 in Atlantic City. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $386.8 per annum, compared to $274 in Atlantic City.

Build your Lakewood Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the ROI on energy savings if you sell your home? The following is what we found in Lakewood:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Lakewood, your home value could increase by around $701.05 and $1025.87 for a mid-tier or top-tier Lakewood home respectively. Compare this to, the same upgrade in Atlantic City may get you somewhere between $600 and $878.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Lakewood homeowners could expect an estimated home value increase of between $2320.83 for mid-tier homes and $3396.14 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

Put differently, a window investment in Lakewood can add anywhere from 0.21% percent and 1.03 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Lakewood homeowner is relatively strong.

The variation between the range for Lakewood and Atlantic City, which for reference, would yield a potential premium range of 0.18% percent and 0.27% percent respectively, is dependent on a number of factors, especially; the 1.87% 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 cost differences between Lakewood and Atlantic City.

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

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

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