Passaic-New Jersey Savings

Build your Passaic Home’s Asking Price through Energy Savings

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Switching 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the premium for energy savings on the market? Below is what we estimated in Passaic:

Put differently, a window investment in Passaic can add between 0.2% percent and 0.99 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Passaic homeowner is relatively clear.

The variation between the range for Passaic and Atlantic City, which for reference, would yield a potential premium range of 0.17% percent and 0.25% percent respectively, is dependent on a number of factors, in particular; the 2.1% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling cost differences between Passaic and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research conducted by the NAHB. Passaic home value data is provided by Zillow.

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