Rutherford-New Jersey Savings

Grow your Rutherford Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could 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.

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 if you sell your home? Below is what we uncovered in Rutherford:

Put differently, a window upgrade in Rutherford can add anywhere from 0.27% percent and 1.39 % 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 upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Rutherford homeowner is relatively strong.

The variation between the range for Rutherford and Atlantic City, which for reference, would yield a potential premium range of 0.21% percent and 0.29% percent respectively, can be estimated from a number of factors, notably; the 3.47% 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 heating & cooling price differences between Rutherford and Atlantic City.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research executed by the National Association of Homebuilders. Rutherford home value data is provided by Zillow.

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