Description
Value You Can Measure
Mount Arlington property owners have many excellent reasons to replace their windows. Fixing leaky windows, improving the style of your home etc… Certain such features can be counted relatively accurately.
To begin with, windows retain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This places windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, houses in Mount Arlington, could see impressive declines on weekly costs for electricity. If you already have dual pane windows you may save around $115.65 compared to $100 in Atlantic City. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $378.85 per year, compared to $274 in Atlantic City.
Increase your Mount Arlington Home’s Value through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows can 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 evaluate : What’s the premium for energy savings when it comes time to sell? The following is what we estimated in Mount Arlington:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Mount Arlington, your home value could increase by around $693.93 and $1015.45 for a mid-tier or top-tier Mount Arlington home respectively. Compare this to, the same replacement in Atlantic City may get you somewhere between $600 and $878.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Mount Arlington homeowners could see an estimated home value gain of between $2273.1 for mid-tier homes and $3326.3 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
Another way to look at it, a window investment in Mount Arlington can add anywhere from 0.22% percent and 1.06 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Mount Arlington homeowner is relatively clear.
The variation between the range for Mount Arlington and Atlantic City, which for reference, would yield a potential premium range of 0.19% percent and 0.28% percent respectively, can be estimated from a number of factors, notably; the 1.74% percent difference in median home prices, a buyers’ willingness 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 Mount Arlington and Atlantic City.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research performed by the National Association of Homebuilders. Mount Arlington home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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