Value You Can Measure
Northvale residents have many good reasons to upgrade their windows. Upgrading old windows, changing the decor of your home etc… Many such features can be measured rather clearly.
For starters, windows preserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This sets windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, households located in Northvale, are likely to experience significant reductions on daily expenditures for energy. If you already have dual pane windows you may save around $128.77 compared to $100 in Atlantic City. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $466.7 annually, compared to $274 in Atlantic City.
Grow your Northvale Home’s Resale Price through Energy Savings
[lme-module module=”market-stats” city=”Northvale” state=”NJ”]
Replacing your windows to EnergyStar rated National Vinyl windows may 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 figure out : What’s the return on investment on energy savings if you sell your home? What follows is what we estimated in Northvale:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Northvale, your home value could increase by around $772.62 and $1130.61 for a mid-tier or top-tier Northvale home respectively. Compare this to, the same replacement in Atlantic City may get you somewhere between $600 and $878.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Northvale homeowners could yield an estimated home value increase of between $2800.2 for mid-tier homes and $4097.63 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
In other words, a window upgrade in Northvale can add between 0.16% percent and 0.85 % percent to the asking price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Northvale homeowner is quite clear.
The variation between the range for Northvale and Atlantic City, which for reference, would yield a potential premium range of 0.12% percent and 0.18% percent respectively, can be estimated from a number of factors, primarily; the 3.2% 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 heating & cooling price differences between Northvale and Atlantic City.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research performed by the National Association of Homebuilders. Northvale home value data is provided by Zillow.
[lme-module module=”market-activity” city=”Northvale” state=”NJ”]
Directions from Northvale to our headquarters