Savings Category: Replacement Window Savings

Description

Value You Can Measure

Wanaque property owners have countless good reasons to change their windows. Replacing damaged windows, revamping the style of your home etc… Many such values can be quantified quite exactly.

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

In terms of energy savings, residents of Wanaque, may experience major savings on weekly costs for heating & cooling. If you already have dual pane windows you could save about $116.09 compared to $100 in Atlantic City. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $381.79 every year, compared to $274 in Atlantic City.

Increase your Wanaque Home’s Value through Energy Savings

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Switching 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 estimate : What’s the return on energy savings when it comes time to sell? What follows is what we uncovered in Wanaque:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Wanaque, your home value could increase by between $696.56 and $1019.3 for a mid-tier or top-tier Wanaque home respectively. Compare this to, the same replacement 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. Wanaque homeowners could expect an estimated home value increase of between $2290.74 for mid-tier homes and $3352.12 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

Put differently, a window investment in Wanaque can add between 0.22% percent and 1.05 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Wanaque homeowner is quite clear.

The variation between the range for Wanaque and Atlantic City, which for reference, would yield a potential premium range of 0.19% percent and 0.27% percent respectively, may come from a number of factors, principally; the 1.79% percent difference in median home prices, a buyers’ willingness 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 Wanaque and Atlantic City.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research conducted by the National Association of Homebuilders. Wanaque home value data is provided by Zillow.

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

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