Montvale-New Jersey Savings

Improve your Montvale Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can increase the sale 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on energy savings when selling the house? This is what we discovered in Montvale:

In other words, a window upgrade in Montvale can add between 0.25% percent and 1.32 % 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 Montvale homeowner is quite strong.

The variation between the range for Montvale and Atlantic City, which for reference, would yield a potential premium range of 0.18% percent and 0.25% percent respectively, can be estimated from a number of factors, particularly; the 4.07% 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 price differences between Montvale and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research performed by the NAHB. Montvale home value data is provided by Zillow.

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