Ramsey-New Jersey Savings

Improve your Ramsey 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 estimate : What’s the return on energy savings when selling the house? Below is what we found in Ramsey:

Put differently, a window upgrade in Ramsey can add between 0.26% percent and 1.34 % percent to the sale price of your home by way of 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 Ramsey homeowner is quite strong.

The variation between the range for Ramsey and Atlantic City, which for reference, would yield a potential premium range of 0.19% percent and 0.26% percent respectively, may come from a number of factors, particularly; the 3.85% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy price differences between Ramsey and Atlantic City.

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

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