Savings Category: Replacement Window Savings

Description

Value You Can Measure

Stanhope property owners have a multitude good reasons to upgrade their windows. Repairing damaged windows, changing the aesthetics of your home etc… Many such benefits can be counted quite explicitly.

Firstly, windows conserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.

With regards to energy savings, homeowners in Stanhope, could have dramatic drops on monthly expenditures for electricity. If you already have dual pane windows you may save about $111.27 compared to $100 in Atlantic City. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $349.45 per annum, compared to $274 in Atlantic City.

Build your Stanhope Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could increase 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 answer the question : What’s the ROI on energy savings if you sell your home? Below is what we estimated in Stanhope:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Stanhope, your home value could increase by around $667.59 and $976.91 for a mid-tier or top-tier Stanhope home respectively. Compare this to, the same replacement in Atlantic City may get you somewhere between $600 and $878.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Stanhope homeowners could expect an estimated home value gain of between $2096.71 for mid-tier homes and $3068.19 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

Put differently, a window investment in Stanhope can add anywhere from 0.26% percent and 1.19 % percent to the value of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Stanhope homeowner is relatively strong.

The variation between the range for Stanhope and Atlantic City, which for reference, would yield a potential premium range of 0.23% percent and 0.34% percent respectively, may come from a number of factors, especially; the 1.25% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between Stanhope and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research done by the National Association of Homebuilders. Stanhope home value data is provided by Zillow.

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Energy Savings & ROI: Stanhope vs the rest of New Jersey

Find out how investing in new windows in Stanhope compares to other nearby New Jersey cities.