Pompton Lakes-New Jersey Savings

Grow your Pompton Lakes Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may 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 ascertain : What’s the premium for energy savings when selling the house? What follows is what we estimated in Pompton Lakes:

Another way to look at it, a window investment in Pompton Lakes can add anywhere from 0.21% percent and 1.02 % percent to the value of your home via 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 Pompton Lakes homeowner is relatively clear.

The variation between the range for Pompton Lakes and Atlantic City, which for reference, would yield a potential premium range of 0.18% percent and 0.26% percent respectively, is derived from a number of factors, notably; the 1.92% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy cost differences between Pompton Lakes and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research done by the NAHB. Pompton Lakes home value data is provided by Zillow.

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