Value You Can Measure
Totowa homeowners have countless valid reasons to replace their windows. Upgrading old windows, changing the decor of your home etc… Some such features should be measured relatively accurately.
To start, windows conserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This places windows among the top 5 home improvement investments in terms of value retention.
In terms of energy savings, homes in Totowa, may experience important savings on weekly spending for home energy. If you already have dual pane windows you may save approximately $122.62 compared to $100 in Atlantic City. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $425.53 per year, compared to $274 in Atlantic City.
Improve your Totowa Home’s Resale Price through Energy Savings
[lme-module module=”market-stats” city=”Totowa” state=”NJ”]
Replacing your windows to EnergyStar rated National Vinyl windows could 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 ascertain : What’s the return on energy savings on the market? What follows is what we uncovered in Totowa:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Totowa, your home value could increase by between $735.74 and $1076.64 for a mid-tier or top-tier Totowa home respectively. Compare this to, the same replacement in Atlantic City could yield somewhere between $600 and $878.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Totowa homeowners may expect an estimated home value increase of between $2553.17 for mid-tier homes and $3736.14 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
In other words, a window investment in Totowa can add anywhere from 0.18% percent and 0.93 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Totowa homeowner is quite clear.
The variation between the range for Totowa and Atlantic City, which for reference, would yield a potential premium range of 0.15% percent and 0.22% percent respectively, is dependent on a number of factors, notably; the 2.51% 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 heating & cooling cost differences between Totowa and Atlantic City.
The data presented is based on EnergyStar, the NREL,Department of Energy and expert research executed by the National Association of Homebuilders. Totowa home value data is provided by Zillow.
[lme-module module=”market-activity” city=”Totowa” state=”NJ”]
Directions from Totowa to our headquarters