Study proves that Green-built homes offer more value to their owners
We see the stories over and over about the studies that have been conducted out West: Green-built homes are fetching higher prices than their standard counterparts when on the market. Well, another of such stories has been released, and it states, in a nutshell, that homes that have been built in a more sustainable way bring on average 9% more in value to the owner when sold.
This green label that they speak of, could it be the “green home choice” of Arlington? The EarthCraft standard of the Region? The LEED for Homes standard or just someone saying, “Hey, folks! I built this home with energy efficiency in mind?” The more educated consumer of the West Coast was probably looking for a label; the researchers from this recent article even went so far as to say that some people just want a home that is energy efficient based on what they were calling the “Prius Effect” or, when Buyers in areas where support of environmental conservation is relatively high — as measured by the percentage of hybrid auto registrations in ZIP codes — are more willing to pay premiums for green-certified houses than buyers in areas where hybrid registrations were lower.
Whether the buyers were looking for the HERs rating, a LEED number or a builder to say that they had some sort of protocol that they were following to bring them to a more sustainable product, the overarching theme here is that a green home is a green home and it is going to hold its value in giving back to the owner over time through its sustainability features and the savvy buyer will know this, through the Prius Effect or not. Saving green- is still saving green. You follow?
Now, let’s just find out what the trends are here on the East Coast and give our West Coast counterparts a run for their green in Green-building? What do you say?