Somerville-New Jersey Savings

Increase your Somerville Home’s Value through Energy Savings

[lme-module module=”market-stats” city=”Somerville” state=”NJ”]

Replacing your windows to EnergyStar rated National Vinyl windows may add to the sale 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the ROI on energy savings when selling the house? Here is what we discovered in Somerville:

Put differently, a window upgrade in Somerville can add between 0.22% percent and 1.04 % 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Somerville homeowner is relatively clear.

The variation between the range for Somerville and Atlantic City, which for reference, would yield a potential premium range of 0.19% percent and 0.27% percent respectively, is derived from a number of factors, notably; the 1.82% 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 Somerville and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research done by the NAHB. Somerville home value data is provided by Zillow.

[lme-module module=”market-activity” city=”Somerville” state=”NJ”]

Directions from Somerville to our headquarters