Value You Can Measure
Princeton homeowners have countless excellent reasons to upgrade their windows. Upgrading damaged windows, revamping the style of your home etc… Other such features should be counted quite explicitly.
To start, windows preserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This places windows among the top 5 home improvement investments in terms of value retention.
As for energy savings, homes in Princeton, should experience impressive reductions on annual spending for heating & cooling. If you already have dual pane windows you could save approximately $151.74 compared to $100 in Atlantic City. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $620.55 per annum, compared to $274 in Atlantic City.
Build your Princeton Home’s Value 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 estimate : What’s the return on energy savings if you put your house up for sale? Here is what we estimated in Princeton:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Princeton, your home value could increase by around $1602.38 and $2234.54 for a mid-tier or top-tier Princeton home respectively. For comparison, the same upgrade in Atlantic City could add somewhere between $1056 and $1472.6.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Princeton homeowners may see an estimated home value increase of between $6553 for mid-tier homes and $9138.2 for the top tier. Compare this to between $2893.44 and $4034.92 in Atlantic City.
Put differently, a window investment in Princeton can add between 0.21% percent and 1.18 % percent to the sale price of your home via 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 Princeton homeowner is relatively clear.
The variation between the range for Princeton and Atlantic City, which for reference, would yield a potential premium range of 0.14% percent and 0.19% percent respectively, is derived from a number of factors, especially; the 5.75% 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 Princeton and Atlantic City.
The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research done by the National Association of Homebuilders. Princeton home value data is provided by Zillow.
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