River Edge-New Jersey Savings

Build your River Edge Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to 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 investment on energy savings if you sell your home? Below is what we estimated in River Edge:

Put differently, a window investment in River Edge can add between 0.16% percent and 0.85 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a River Edge homeowner is quite strong.

The variation between the range for River Edge and Atlantic City, which for reference, would yield a potential premium range of 0.12% percent and 0.18% percent respectively, may come from a number of factors, particularly; the 3.25% 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 price differences between River Edge and Atlantic City.

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

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