Long Valley-New Jersey Savings

Improve your Long Valley Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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 ascertain : What’s the premium for energy savings when selling the house? What follows is what we found in Long Valley:

Put differently, a window upgrade in Long Valley can add between 0.17% percent and 0.88 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Long Valley homeowner is relatively strong.

The variation between the range for Long Valley and Atlantic City, which for reference, would yield a potential premium range of 0.13% percent and 0.2% percent respectively, is derived from a number of factors, particularly; the 2.9% percent difference in median home prices, a buyers’ propensity 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 Valley and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research conducted by the NAHB. Long Valley home value data is provided by Zillow.

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