South Plainfield-New Jersey Savings

Grow your South Plainfield Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on investment on energy savings on the market? The following is what we estimated in South Plainfield:

In other words, a window upgrade in South Plainfield can add between 0.2% percent and 0.98 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a South Plainfield homeowner is relatively clear.

The variation between the range for South Plainfield and Atlantic City, which for reference, would yield a potential premium range of 0.17% percent and 0.24% percent respectively, may come from a number of factors, in particular; the 2.13% 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 South Plainfield and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. South Plainfield home value data is provided by Zillow.

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