Research shows Housing is Affordable for First-Time Home Buyers!!! Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30
Is A Green Home Worth More
Welcome to our March Series which is exploring Green Homes!
Unless you have been hiding under a rock, there is a large movement towards building Green Homes and renovating older homes that are Green-Friendly.
Is this trend of Going Green actually worth the effort and cost?
The Proof is in the Numbers:
A long-term study found that homes built between 2008 and 2016 got a significant increase in value from their green efforts.
Homes that held the gold standard Leadership in Energy and Environmental Design (LEED) certification were worth, on average, 8% more than traditionally built homes.
8 % may not sound like much, but when you compare the average new home selling for $311,000, and 8% of that is $24,888, it’s kind of a big deal!
Even homes built to a more generic “green” standard saw a 6% increase in value! That’s a lot of green for being green.
Criteria for a LEED-Certified Green Home
Now that we've got your attention, you might be asking yourself: What does it even mean to be “green?”
Green homes are more than skin-deep. When you’re talking about new construction, these are homes that were designed from the ground up to be the least disruptive to the environment and very energy efficient.
These six items are necessities for any green housing certification:
Site planning and development. Site planning starts with a site that’s not located near protected spaces like wetlands.
Material origin and longevity. Your green home is made of materials that were each carefully considered for the manufacturing process, close proximity of transporting materials and even what the material is made of.
Smart water use. Not only are green buildings designed to waste as little water as possible, with low-flow faucets, shower heads and toilets, they should even be built to help prevent runoff. Gray water is often rerouted to landscape and rainwater is collected and either sent into the ground through a trench, pit or well to prevent erosion around the house or it’s used to water landscape.
A high level of energy efficiency. Each and every item in a green home is meant to keep the entire system as efficient as possible. This means high R-rated insulation, highly efficient HVAC systems, low energy use light bulbs and even those solar panels or wind turbines that were taken into consideration in the site plan.
Excellent indoor air quality. Hey, it’s not all about saving money, green homes are also homes that are easier to live in. When your house vents combusting appliances properly, has minimal off-gassing from Volatile Organic Compounds (VOCs) and plenty of ventilation to purge any fumes that may linger, you can be sure you’re breathing crystal-clear air in a greener home.
Proper operation and maintenance. When the home is built and sold, the real challenge begins. How a homeowner maintains and runs their equipment has a huge impact on how green their home truly is. By leaving a breadcrumb trail of tools like smart thermostats, water-saving fixtures and highly efficient appliances, a green builder is doing what they can to ensure homeowners stick to the plan.
What about Existing Homes?
Even if you own an older home, you can bring it up to LEED standards with a great deal of effort. Adding green elements bit by bit is less of an overwhelming process, which is why so many people are green remodeling these days. That could mean anything from installing a new HVAC system and vents that better distribute air flow or adding solar panels to help with electricity usage or just working on one conservation effort at a time, like water consumption.
It doesn’t have to be an all or nothing situation!
Being the CEO and Team Leader of Team Caropreso, Vince specializes in Listings, Marketing, REO/Foreclosures,Short Sales and working with Investors. With 19 years of experience and selling over 700 hom....