Westfield-New Jersey Savings

Increase your Westfield Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could increase 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 ascertain : What’s the ROI on energy savings when selling the house? Here is what we estimated in Westfield:

In other words, a window upgrade in Westfield can add anywhere from 0.21% percent and 1.2 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Westfield homeowner is relatively clear.

The variation between the range for Westfield and Atlantic City, which for reference, would yield a potential premium range of 0.14% percent and 0.2% percent respectively, can be estimated from a number of factors, primarily; the 5.49% 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 energy cost differences between Westfield and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research conducted by the NAHB. Westfield home value data is provided by Zillow.

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