Spring Lake-New Jersey Savings

Increase your Spring Lake Home’s Value through Energy Savings

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

Switching your windows to EnergyStar rated National Vinyl windows could 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the premium for energy savings when it comes time to sell? Below is what we discovered in Spring Lake:

Put differently, a window investment in Spring Lake can add between 0.21% percent and 1.19 % 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 Spring Lake homeowner is quite strong.

The variation between the range for Spring Lake and Atlantic City, which for reference, would yield a potential premium range of 0.14% percent and 0.19% percent respectively, can be estimated from a number of factors, especially; the 5.62% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy price differences between Spring Lake and Atlantic City.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. Spring Lake home value data is provided by Zillow.

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

Directions from Spring Lake to our headquarters