Savings Category: Replacement Window Savings

Description

Value You Can Measure

Lebanon property owners have a variety excellent reasons to replace their windows. Updating old windows, revamping the design of your home etc… Certain such benefits should be counted rather explicitly.

Firstly, windows preserve 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, houses in Lebanon, are likely to have considerable decreases on weekly expenditures for electricity. If you already have dual pane windows you may save approximately $120.39 compared to $100 in Atlantic City. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $410.58 annually, compared to $274 in Atlantic City.

Grow your Lebanon Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could increase the value 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 return on energy savings when it comes time to sell? The following is what we uncovered in Lebanon:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Lebanon, your home value could increase by around $722.35 and $1057.04 for a mid-tier or top-tier Lebanon home respectively. Compare this to, the same replacement in Atlantic City could yield somewhere between $600 and $878.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Lebanon homeowners may see an estimated home value increase of between $2463.47 for mid-tier homes and $3604.87 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

Put differently, a window upgrade in Lebanon can add anywhere from 0.19% percent and 0.96 % percent to the asking price 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 initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Lebanon homeowner is relatively clear.

The variation between the range for Lebanon and Atlantic City, which for reference, would yield a potential premium range of 0.16% percent and 0.23% percent respectively, is dependent on a number of factors, particularly; the 2.27% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling price differences between Lebanon and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research executed by the NAHB. Lebanon home value data is provided by Zillow.

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

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