Long Branch-New Jersey Savings

Increase your Long Branch Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could increase 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the ROI on energy savings when selling the house? Below is what we estimated in Long Branch:

Put differently, a window upgrade in Long Branch can add anywhere from 0.18% percent and 0.93 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Long Branch homeowner is quite strong.

The variation between the range for Long Branch and Atlantic City, which for reference, would yield a potential premium range of 0.15% percent and 0.22% percent respectively, is dependent on a number of factors, primarily; the 2.53% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy cost differences between Long Branch and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research done by the National Association of Homebuilders. Long Branch home value data is provided by Zillow.

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