Savings Category: Replacement Window Savings

Description

Value You Can Measure

Tenafly property owners have plenty excellent reasons to replace their windows. Fixing old windows, refining the design of your home etc… Certain such features should be measured rather clearly.

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

With regards to energy savings, houses in Tenafly, should experience considerable decreases on monthly bill for home energy. If you already have dual pane windows you may save about $151.87 compared to $100 in Atlantic City. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $621.42 per annum, compared to $274 in Atlantic City.

Grow your Tenafly Home’s Asking 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 ascertain : What’s the return on energy savings if you sell your home? What follows is what we discovered in Tenafly:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Tenafly, your home value could increase by around $1603.76 and $2236.45 for a mid-tier or top-tier Tenafly home respectively. For comparison, the same replacement in Atlantic City could add somewhere between $1056 and $1472.6.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Tenafly homeowners could expect an estimated home value gain of between $6562.2 for mid-tier homes and $9151.04 for the top tier. Compare this to between $2893.44 and $4034.92 in Atlantic City.

In other words, a window investment in Tenafly can add anywhere from 0.21% percent and 1.18 % percent to the value 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 Tenafly homeowner is relatively clear.

The variation between the range for Tenafly and Atlantic City, which for reference, would yield a potential premium range of 0.14% percent and 0.19% percent respectively, is derived from a number of factors, notably; the 5.76% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy price differences between Tenafly and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research conducted by the NAHB. Tenafly home value data is provided by Zillow.

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

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