West New York-New Jersey Savings

Grow your West New York Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the return on investment on energy savings when it comes time to sell? Here is what we uncovered in West New York:

Put differently, a window upgrade in West New York can add between 0.17% percent and 0.87 % percent to the asking price of your home through 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 West New York homeowner is quite strong.

The variation between the range for West New York and Atlantic City, which for reference, would yield a potential premium range of 0.13% percent and 0.19% percent respectively, may come from a number of factors, particularly; the 3.03% 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 West New York and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research conducted by the National Association of Homebuilders. West New York home value data is provided by Zillow.

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