Palisades Park-New Jersey Savings

Improve your Palisades Park Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could increase 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 evaluate : What’s the ROI on energy savings if you sell your home? What follows is what we uncovered in Palisades Park:

Another way to look at it, a window investment in Palisades Park can add between 0.23% percent and 1.26 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Palisades Park homeowner is relatively strong.

The variation between the range for Palisades Park and Atlantic City, which for reference, would yield a potential premium range of 0.16% percent and 0.23% percent respectively, is derived from a number of factors, particularly; the 4.71% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between Palisades Park and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research executed by the National Association of Homebuilders. Palisades Park home value data is provided by Zillow.

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