Morristown-New Jersey Savings

Build your Morristown Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may increase 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the premium for energy savings when it comes time to sell? Below is what we estimated in Morristown:

Put differently, a window investment in Morristown can add between 0.17% percent and 0.87 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Morristown homeowner is quite clear.

The variation between the range for Morristown and Atlantic City, which for reference, would yield a potential premium range of 0.13% percent and 0.19% percent respectively, can be estimated from a number of factors, particularly; the 3% 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 heating & cooling cost differences between Morristown and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research executed by the National Association of Homebuilders. Morristown home value data is provided by Zillow.

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