Green home construction and remodeling is on the rise as a housing market recovery begins to take shape and consumers look to marry their quest for home comfort with energy efficiency and cost savings.
Putting a value on green properties continues to be a challenge because of a lack of comparable sales. However, some progress has been made on that front, say green building proponents.
Contact the appraisers at http://www.scappraisals.com they specialize in green, energy efficient and high value properties.
Last year, single-family green home construction represented 17 percent of the homebuilding market, in effect doubling since 2008, according to a report by McGraw-Hill Construction. Researchers predict that by 2016, green home construction could comprise 29 percent to 38 percent of the market, as builders devote more time to green projects. The share of remodeling projects labeled as green is expected to rise as well.
Who’s creating the trend and who’s following it? It’s tough to say.
Simultaneously, manufacturers are coming out with better products, builders and remodelers are looking to differentiate themselves in the marketplace, and homeowners are seeking healthier living spaces while keeping a lid on rising energy costs.
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