Value You Can Measure
Old Bridge homeowners have plenty strong reasons to replace their windows. Repairing old windows, changing the style of your home etc… Many such benefits can be measured rather exactly.
For starters, windows retain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This places windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, residents of Old Bridge, may have major decreases on annual expenditures for energy. If you already have dual pane windows you may save approximately $118.74 compared to $100 in Atlantic City. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $399.51 per annum, compared to $274 in Atlantic City.
Improve your Old Bridge Home’s Resale Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows could add to the asking price 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 find out : What’s the return on energy savings if you put your house up for sale? This is what we found in Old Bridge:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Old Bridge, your home value could increase by around $712.44 and $1042.53 for a mid-tier or top-tier Old Bridge 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. Old Bridge homeowners could yield an estimated home value gain of between $2397.07 for mid-tier homes and $3507.72 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
In other words, a window upgrade in Old Bridge can add anywhere from 0.2% percent and 0.99 % percent to the value 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Old Bridge homeowner is quite clear.
The variation between the range for Old Bridge and Atlantic City, which for reference, would yield a potential premium range of 0.17% percent and 0.25% percent respectively, is derived from a number of factors, especially; the 2.08% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling price differences between Old Bridge and Atlantic City.
The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research performed by the National Association of Homebuilders. Old Bridge home value data is provided by Zillow.
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