Westwood-New Jersey Savings

Build your Westwood Home’s Asking Price 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 ascertain : What’s the return on energy savings when selling the house? Here is what we discovered in Westwood:

Another way to look at it, a window upgrade in Westwood can add between 0.16% percent and 0.85 % 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 Westwood homeowner is relatively strong.

The variation between the range for Westwood and Atlantic City, which for reference, would yield a potential premium range of 0.12% percent and 0.18% percent respectively, can be estimated from a number of factors, in particular; the 3.19% 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 price differences between Westwood and Atlantic City.

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

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