New Providence-New Jersey Savings

Increase your New Providence Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can add to 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 answer the question : What’s the ROI on energy savings if you sell your home? The following is what we found in New Providence:

In other words, a window upgrade in New Providence can add anywhere from 0.24% percent and 1.28 % percent to the asking price of your home via 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 New Providence homeowner is relatively clear.

The variation between the range for New Providence and Atlantic City, which for reference, would yield a potential premium range of 0.17% percent and 0.24% percent respectively, is dependent on a number of factors, notably; the 4.46% 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 energy cost differences between New Providence and Atlantic City.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. New Providence home value data is provided by Zillow.

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