Rockaway-New Jersey Savings

Increase your Rockaway Home’s Value 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the ROI on energy savings when selling the house? The following is what we uncovered in Rockaway:

In other words, a window investment in Rockaway can add between 0.21% percent and 1.01 % 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 Rockaway homeowner is quite clear.

The variation between the range for Rockaway and Atlantic City, which for reference, would yield a potential premium range of 0.18% percent and 0.26% percent respectively, is derived from a number of factors, particularly; the 1.98% percent difference in median home prices, a buyers’ willingness 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 Rockaway and Atlantic City.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research executed by the NAHB. Rockaway home value data is provided by Zillow.

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