Monmouth Junction-New Jersey Savings

Improve your Monmouth Junction Home’s Asking Price through Energy Savings

[lme-module module=”market-stats” city=”Monmouth Junction” state=”NJ”]

Replacing 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 determine : What’s the premium for energy savings if you sell your home? Here is what we discovered in Monmouth Junction:

In other words, a window upgrade in Monmouth Junction can add between 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Monmouth Junction homeowner is quite strong.

The variation between the range for Monmouth Junction and Atlantic City, which for reference, would yield a potential premium range of 0.15% percent and 0.22% percent respectively, is derived from a number of factors, in particular; the 2.51% 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 energy price differences between Monmouth Junction and Atlantic City.

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

[lme-module module=”market-activity” city=”Monmouth Junction” state=”NJ”]

Directions from Monmouth Junction to our headquarters