Old Tappan-New Jersey Savings

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:

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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