Savings Category: Replacement Window Savings

Description

Value You Can Measure

Teterboro residents have plenty good reasons to replace their windows. Replacing damaged windows, refining the style of your home etc… Some such features may be quantified rather exactly.

To start, windows preserve 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.

As for energy savings, households located in Teterboro, are likely to experience large drops on daily expenditures for home energy. If you already have dual pane windows you could save approximately $112.44 compared to $100 in Atlantic City. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $357.32 per annum, compared to $274 in Atlantic City.

Grow your Teterboro Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may 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 determine : What’s the ROI on energy savings if you put your house up for sale? Below is what we estimated in Teterboro:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Teterboro, your home value could increase by between $674.64 and $987.22 for a mid-tier or top-tier Teterboro home respectively. For comparison, the same upgrade 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. Teterboro homeowners could see an estimated home value gain of between $2143.89 for mid-tier homes and $3137.23 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

Put differently, a window investment in Teterboro can add anywhere from 0.25% percent and 1.15 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Teterboro homeowner is quite strong.

The variation between the range for Teterboro and Atlantic City, which for reference, would yield a potential premium range of 0.22% percent and 0.32% percent respectively, can be estimated from a number of factors, in particular; the 1.38% 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 energy price differences between Teterboro and Atlantic City.

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

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

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