Sea Bright-New Jersey Savings

Improve your Sea Bright 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 figure out : What’s the return on investment on energy savings when selling the house? This is what we found in Sea Bright:

Put differently, a window investment in Sea Bright can add anywhere from 0.25% percent and 1.31 % percent to the sale 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 Sea Bright homeowner is relatively clear.

The variation between the range for Sea Bright and Atlantic City, which for reference, would yield a potential premium range of 0.18% percent and 0.25% percent respectively, is dependent on a number of factors, primarily; the 4.15% 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 energy price differences between Sea Bright and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research conducted by the National Association of Homebuilders. Sea Bright home value data is provided by Zillow.

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