Savings Category: Replacement Window Savings

Description

Value You Can Measure

Roosevelt property owners have many excellent reasons to replace their windows. Repairing damaged windows, changing the look and feel of your home etc… Many such benefits may be counted quite accurately.

To start, windows maintain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.

With regards to energy savings, houses in Roosevelt, may experience important savings on annual spending for heating & cooling. If you already have dual pane windows you could save about $114.78 compared to $100 in Atlantic City. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $373.01 annually, compared to $274 in Atlantic City.

Increase your Roosevelt Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can add to 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 ascertain : What’s the return on energy savings when selling the house? The following is what we discovered in Roosevelt:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Roosevelt, your home value could increase by around $688.7 and $1007.79 for a mid-tier or top-tier Roosevelt home respectively. For comparison, the same upgrade in Atlantic City could add somewhere between $600 and $878.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Roosevelt homeowners could expect an estimated home value increase of between $2238.06 for mid-tier homes and $3275.03 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

Put differently, a window investment in Roosevelt can add anywhere from 0.23% percent and 1.08 % percent to the asking price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Roosevelt homeowner is relatively strong.

The variation between the range for Roosevelt and Atlantic City, which for reference, would yield a potential premium range of 0.2% percent and 0.29% percent respectively, can be estimated from a number of factors, principally; the 1.64% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Roosevelt and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research performed by the NAHB. Roosevelt home value data is provided by Zillow.

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Energy Savings & ROI: Roosevelt vs the rest of New Jersey

Find out how investing in new windows in Roosevelt compares to other nearby New Jersey cities.