Ridgefield-New Jersey Savings

Build your Ridgefield Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may increase the value 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 answer the question : What’s the return on energy savings if you put your house up for sale? Below is what we uncovered in Ridgefield:

Put differently, a window upgrade in Ridgefield can add between 0.27% percent and 1.4 % percent to the asking 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Ridgefield homeowner is relatively clear.

The variation between the range for Ridgefield and Atlantic City, which for reference, would yield a potential premium range of 0.21% percent and 0.29% percent respectively, may come from a number of factors, particularly; the 3.41% 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 cost differences between Ridgefield and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research performed by the National Association of Homebuilders. Ridgefield home value data is provided by Zillow.

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