Union City-New Jersey Savings

Increase your Union City Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can 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 estimate : What’s the premium for energy savings on the market? What follows is what we uncovered in Union City:

Another way to look at it, a window investment in Union City can add between 0.17% percent and 0.89 % percent to the value 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 Union City homeowner is relatively clear.

The variation between the range for Union City and Atlantic City, which for reference, would yield a potential premium range of 0.14% percent and 0.2% percent respectively, may come from a number of factors, notably; the 2.8% 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 price differences between Union City and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research executed by the NAHB. Union City home value data is provided by Zillow.

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