Washington-New Jersey Savings

Improve your Washington Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may increase the asking 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 when selling the house? Below is what we estimated in Washington:

Another way to look at it, a window upgrade in Washington can add between 0.29% percent and 1.28 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Washington homeowner is quite strong.

The variation between the range for Washington and Atlantic City, which for reference, would yield a potential premium range of 0.26% percent and 0.38% percent respectively, can be estimated from a number of factors, in particular; the 0.99% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Allentown-Bethlehem-Easton region, and heating & cooling price differences between Washington and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research executed by the National Association of Homebuilders. Washington home value data is provided by Zillow.

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