Maywood-New Jersey Savings

Increase your Maywood Home’s Resale Price through Energy Savings

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Switching 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 ascertain : What’s the return on energy savings if you put your house up for sale? Here is what we uncovered in Maywood:

Put differently, a window upgrade in Maywood can add anywhere from 0.18% percent and 0.93 % percent to the value 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 Maywood homeowner is relatively strong.

The variation between the range for Maywood 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, in particular; the 2.52% percent difference in median home prices, a buyers’ propensity 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 Maywood and Atlantic City.

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

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