Savings Category: Replacement Window Savings

Description

Value You Can Measure

Paramus homeowners have many good reasons to change their windows. Upgrading old windows, renewing the decor of your home etc… Other such benefits should be quantified quite explicitly.

First of all, windows conserve 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.

As for energy savings, residents of Paramus, could notice considerable declines on annual costs for electricity. If you already have dual pane windows you may save approximately $139.05 compared to $100 in Atlantic City. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $535.57 every year, compared to $274 in Atlantic City.

Increase your Paramus Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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.

In addition, 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 when it comes time to sell? This is what we found in Paramus:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Paramus, your home value could increase by between $1468.41 and $2047.71 for a mid-tier or top-tier Paramus 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. Paramus homeowners may expect an estimated home value gain of between $5655.66 for mid-tier homes and $7886.86 for the top tier. Compare this to between $2893.44 and $4034.92 in Atlantic City.

In other words, a window investment in Paramus can add between 0.24% percent and 1.29 % 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 initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Paramus homeowner is relatively clear.

The variation between the range for Paramus and Atlantic City, which for reference, would yield a potential premium range of 0.17% percent and 0.24% percent respectively, can be estimated from a number of factors, in particular; the 4.34% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Paramus and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. Paramus home value data is provided by Zillow.

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

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