Savings Category: Replacement Window Savings

Description

Value You Can Measure

Oceanport homeowners have a multitude strong reasons to upgrade their windows. Fixing broken windows, refining the design of your home etc… Certain such values should be measured relatively explicitly.

To start, windows conserve 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.

In terms of energy savings, residents of Oceanport, should experience dramatic drops on annual costs for electricity. If you already have dual pane windows you could save about $133.31 compared to $100 in Atlantic City. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $497.13 annually, compared to $274 in Atlantic City.

Build your Oceanport Home’s Resale Price through Energy Savings

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Switching 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 answer the question : What’s the premium for energy savings on the market? Here is what we discovered in Oceanport:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Oceanport, your home value could increase by around $1407.79 and $1963.18 for a mid-tier or top-tier Oceanport home respectively. Compare this to, the same upgrade in Atlantic City could yield somewhere between $1056 and $1472.6.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Oceanport homeowners could see an estimated home value increase of between $5249.68 for mid-tier homes and $7320.72 for the top tier. Compare this to between $2893.44 and $4034.92 in Atlantic City.

Put differently, a window upgrade in Oceanport can add between 0.26% percent and 1.36 % percent to the sale price of your home through 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 Oceanport homeowner is quite clear.

The variation between the range for Oceanport and Atlantic City, which for reference, would yield a potential premium range of 0.2% percent and 0.27% percent respectively, is derived from a number of factors, in particular; the 3.7% 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 price differences between Oceanport and Atlantic City.

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

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Energy Savings & ROI: Oceanport vs the rest of New Jersey

Find out how investing in new windows in Oceanport compares to other nearby New Jersey cities.