Red Bank-New Jersey Savings

Increase your Red Bank Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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 determine : What’s the return on energy savings when selling the house? Below is what we found in Red Bank:

Another way to look at it, a window upgrade in Red Bank can add between 0.19% percent and 0.94 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Red Bank homeowner is quite clear.

The variation between the range for Red Bank and Atlantic City, which for reference, would yield a potential premium range of 0.15% percent and 0.23% percent respectively, is dependent on a number of factors, in particular; the 2.4% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy price differences between Red Bank and Atlantic City.

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

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