Newton-New Jersey Savings

Increase your Newton Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the return on investment on energy savings when selling the house? Below is what we discovered in Newton:

Put differently, a window upgrade in Newton can add anywhere from 0.25% percent and 1.16 % 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Newton homeowner is quite clear.

The variation between the range for Newton and Atlantic City, which for reference, would yield a potential premium range of 0.22% percent and 0.33% percent respectively, can be estimated from a number of factors, principally; the 1.34% 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 cost differences between Newton and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research done by the National Association of Homebuilders. Newton home value data is provided by Zillow.

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