Value You Can Measure
Lawrenceville residents have countless great reasons to upgrade their windows. Replacing broken windows, renewing the aesthetics of your home etc… Some such features should be measured quite clearly.
Firstly, windows conserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.
In terms of energy savings, houses in Lawrenceville, can expect to have important savings on annual spending for heating & cooling. If you already have dual pane windows you could save approximately $111.84 compared to $100 in Atlantic City. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $353.3 per annum, compared to $274 in Atlantic City.
Build your Lawrenceville Home’s Value through Energy Savings
[lme-module module=”market-stats” city=”Lawrenceville” state=”NJ”]
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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the return on investment on energy savings when it comes time to sell? Below is what we discovered in Lawrenceville:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Lawrenceville, your home value could increase by around $671.04 and $981.96 for a mid-tier or top-tier Lawrenceville home respectively. Compare this to, 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. Lawrenceville homeowners may expect an estimated home value gain of between $2119.82 for mid-tier homes and $3102.01 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
Another way to look at it, a window investment in Lawrenceville can add anywhere from 0.25% percent and 1.17 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Lawrenceville homeowner is quite strong.
The variation between the range for Lawrenceville and Atlantic City, which for reference, would yield a potential premium range of 0.23% percent and 0.33% percent respectively, can be estimated from a number of factors, particularly; the 1.32% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Trenton region, and energy price differences between Lawrenceville and Atlantic City.
The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. Lawrenceville home value data is provided by Zillow.
[lme-module module=”market-activity” city=”Lawrenceville” state=”NJ”]
Directions from Lawrenceville to our headquarters