Leonia-New Jersey Savings

Build your Leonia Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could add to 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 figure out : What’s the premium for energy savings on the market? This is what we discovered in Leonia:

Another way to look at it, a window upgrade in Leonia can add anywhere from 0.25% percent and 1.32 % percent to the value 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 Leonia homeowner is quite strong.

The variation between the range for Leonia and Atlantic City, which for reference, would yield a potential premium range of 0.18% percent and 0.25% percent respectively, is dependent on a number of factors, primarily; the 4.05% 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 cost differences between Leonia and Atlantic City.

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

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