Wharton-New Jersey Savings

Improve your Wharton Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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 uncover : What’s the return on investment on energy savings on the market? Here is what we found in Wharton:

In other words, a window investment in Wharton can add anywhere from 0.23% percent and 1.07 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Wharton homeowner is relatively clear.

The variation between the range for Wharton and Atlantic City, which for reference, would yield a potential premium range of 0.2% percent and 0.29% percent respectively, is derived from a number of factors, particularly; the 1.67% percent difference in median home prices, a buyers’ propensity 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 Wharton and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. Wharton home value data is provided by Zillow.

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