Park Ridge-New Jersey Savings

Increase your Park Ridge Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could add to 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the return on investment on energy savings when it comes time to sell? Below is what we found in Park Ridge:

Put differently, a window upgrade in Park Ridge can add anywhere from 0.27% percent and 1.37 % percent to the value of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Park Ridge homeowner is relatively clear.

The variation between the range for Park Ridge and Atlantic City, which for reference, would yield a potential premium range of 0.2% percent and 0.28% percent respectively, may come from a number of factors, particularly; the 3.6% 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 heating & cooling price differences between Park Ridge and Atlantic City.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research conducted by the NAHB. Park Ridge home value data is provided by Zillow.

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