Savings Category: Replacement Window Savings

Description

Value You Can Measure

Wallington homeowners have a multitude good reasons to replace their windows. Upgrading damaged windows, revamping the design of your home etc… Other such features can be quantified rather exactly.

To begin with, 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.

With regards to energy savings, houses in Wallington, could notice impressive savings on daily expenditures for energy. If you already have dual pane windows you could save about $122.55 compared to $100 in Atlantic City. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $425.06 every year, compared to $274 in Atlantic City.

Grow your Wallington Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the return on energy savings if you put your house up for sale? This is what we discovered in Wallington:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Wallington, your home value could increase by between $735.32 and $1076.02 for a mid-tier or top-tier Wallington home respectively. Compare this to, the same upgrade in Atlantic City could add somewhere between $600 and $878.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Wallington homeowners may see an estimated home value increase of between $2550.35 for mid-tier homes and $3732.01 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

In other words, a window investment in Wallington can add anywhere from 0.18% percent and 0.93 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Wallington homeowner is relatively clear.

The variation between the range for Wallington 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, principally; the 2.51% 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 Wallington and Atlantic City.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research executed by the NAHB. Wallington home value data is provided by Zillow.

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

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