New Milford-New Jersey Savings

Increase your New Milford Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can add to 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 find out : What’s the ROI on energy savings when selling the house? Below is what we found in New Milford:

Put differently, a window upgrade in New Milford can add between 0.17% percent and 0.9 % percent to the value of your home via 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 New Milford homeowner is quite clear.

The variation between the range for New Milford and Atlantic City, which for reference, would yield a potential premium range of 0.14% percent and 0.2% percent respectively, can be estimated from a number of factors, particularly; the 2.75% 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 price differences between New Milford and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research executed by the NAHB. New Milford home value data is provided by Zillow.

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