Woodcliff Lake-New Jersey Savings

Grow your Woodcliff Lake Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could 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 find out : What’s the return on investment on energy savings if you put your house up for sale? This is what we found in Woodcliff Lake:

Another way to look at it, a window upgrade in Woodcliff Lake can add between 0.21% percent and 1.19 % percent to the asking price of your home via 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 Woodcliff Lake homeowner is quite clear.

The variation between the range for Woodcliff Lake and Atlantic City, which for reference, would yield a potential premium range of 0.14% percent and 0.2% percent respectively, may come from a number of factors, particularly; the 5.58% 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 heating & cooling cost differences between Woodcliff Lake and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research performed by the National Association of Homebuilders. Woodcliff Lake home value data is provided by Zillow.

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