Savings Category: Replacement Window Savings

Description

Value You Can Measure

Plainfield residents have a whole host great reasons to replace their windows. Replacing broken windows, changing the decor of your home etc… Some such benefits should be counted relatively clearly.

For starters, windows maintain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.

As for energy savings, households located in Plainfield, are likely to have significant decreases on daily spending for electricity. If you already have dual pane windows you may save approximately $113.82 compared to $100 in Atlantic City. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $366.57 per annum, compared to $274 in Atlantic City.

Build your Plainfield Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may 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 ascertain : What’s the return on investment on energy savings if you put your house up for sale? The following is what we estimated in Plainfield:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Plainfield, your home value could increase by around $682.93 and $999.35 for a mid-tier or top-tier Plainfield home respectively. For comparison, the same replacement in Atlantic City may get you somewhere between $600 and $878.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Plainfield homeowners could expect an estimated home value increase of between $2199.42 for mid-tier homes and $3218.49 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

Another way to look at it, a window investment in Plainfield can add anywhere from 0.23% percent and 1.11 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Plainfield homeowner is relatively clear.

The variation between the range for Plainfield and Atlantic City, which for reference, would yield a potential premium range of 0.21% percent and 0.3% percent respectively, may come from a number of factors, principally; the 1.54% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy price differences between Plainfield and Atlantic City.

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

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

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