Mountain Lakes-New Jersey Savings

Increase your Mountain Lakes Home’s Value through Energy Savings

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Replacing 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 uncover : What’s the ROI on energy savings if you put your house up for sale? This is what we discovered in Mountain Lakes:

Another way to look at it, a window investment in Mountain Lakes can add between 0.21% percent and 1.21 % 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 initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Mountain Lakes homeowner is relatively clear.

The variation between the range for Mountain Lakes and Atlantic City, which for reference, would yield a potential premium range of 0.15% percent and 0.2% percent respectively, is derived from a number of factors, notably; the 5.35% 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 price differences between Mountain Lakes and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research done by the National Association of Homebuilders. Mountain Lakes home value data is provided by Zillow.

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