Newark-New Jersey Savings

Build your Newark Home’s Value through Energy Savings

[lme-module module=”market-stats” city=”Newark” state=”NJ”]

Upgrading your windows to EnergyStar rated National Vinyl windows could 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on investment on energy savings if you put your house up for sale? Here is what we uncovered in Newark:

Another way to look at it, a window investment in Newark can add anywhere from 0.24% percent and 1.12 % percent to the sale price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Newark homeowner is relatively clear.

The variation between the range for Newark and Atlantic City, which for reference, would yield a potential premium range of 0.21% percent and 0.31% percent respectively, can be estimated from a number of factors, primarily; the 1.49% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy cost differences between Newark and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research conducted by the NAHB. Newark home value data is provided by Zillow.

[lme-module module=”market-activity” city=”Newark” state=”NJ”]

Directions from Newark to our headquarters