Lodi-New Jersey Savings

Build your Lodi Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the premium for energy savings if you put your house up for sale? What follows is what we estimated in Lodi:

Another way to look at it, a window investment in Lodi can add anywhere from 0.18% percent and 0.93 % 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 initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Lodi homeowner is relatively clear.

The variation between the range for Lodi and Atlantic City, which for reference, would yield a potential premium range of 0.15% percent and 0.22% percent respectively, may come from a number of factors, notably; the 2.49% 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 Lodi and Atlantic City.

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

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