Value You Can Measure
Old Tappan property owners have a multitude valid reasons to replace their windows. Repairing broken windows, renewing the aesthetics of your home etc… Other such values may be quantified relatively precisely.
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 puts windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, houses in Old Tappan, should see considerable reductions on monthly expenditures for heating & cooling. If you already have dual pane windows you may save approximately $148.16 compared to $100 in Atlantic City. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $596.55 annually, compared to $274 in Atlantic City.
Build your Old Tappan Home’s Asking Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows can increase the sale 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.
Moreover, 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 when selling the house? Below is what we uncovered in Old Tappan:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Old Tappan, your home value could increase by around $1564.54 and $2181.77 for a mid-tier or top-tier Old Tappan home respectively. For comparison, 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. Old Tappan homeowners may yield an estimated home value gain of between $6299.54 for mid-tier homes and $8784.76 for the top tier. Compare this to between $2893.44 and $4034.92 in Atlantic City.
Another way to look at it, a window investment in Old Tappan can add anywhere from 0.21% percent and 1.21 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Old Tappan homeowner is relatively strong.
The variation between the range for Old Tappan and Atlantic City, which for reference, would yield a potential premium range of 0.15% percent and 0.2% percent respectively, is dependent on a number of factors, especially; the 5.35% 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 energy price differences between Old Tappan and Atlantic City.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research done by the NAHB. Old Tappan home value data is provided by Zillow.
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Directions from Old Tappan to our headquarters