Ridgefield Park-New Jersey Savings

Increase your Ridgefield Park Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could 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 answer the question : What’s the return on energy savings when it comes time to sell? What follows is what we discovered in Ridgefield Park:

Another way to look at it, a window upgrade in Ridgefield Park can add anywhere from 0.19% percent and 0.97 % percent to the asking price of your home through 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 Ridgefield Park homeowner is quite strong.

The variation between the range for Ridgefield Park and Atlantic City, which for reference, would yield a potential premium range of 0.16% percent and 0.24% percent respectively, is derived from a number of factors, notably; the 2.23% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between Ridgefield Park and Atlantic City.

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

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