Pennington-New Jersey Savings

Increase your Pennington Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can add to 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the return on energy savings when it comes time to sell? The following is what we discovered in Pennington:

Put differently, a window upgrade in Pennington can add anywhere from 0.27% percent and 1.38 % percent to the sale price of your home via 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 Pennington homeowner is relatively clear.

The variation between the range for Pennington and Atlantic City, which for reference, would yield a potential premium range of 0.2% percent and 0.29% percent respectively, can be estimated from a number of factors, in particular; the 3.5% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Trenton region, and energy price differences between Pennington and Atlantic City.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research performed by the National Association of Homebuilders. Pennington home value data is provided by Zillow.

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