Tag Archives: green homes

Does going green net you more when selling your home?

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If you make extensive energy-conservation and other green improvements to your home, will they earn you a premium price for the entire house when you go to sell?

For years, the easy answer has been, oh yeah, absolutely: Green is good, everybody knows that saving energy is a no-brainer, and buyers will pay more to get it. There’s research to back that up. A study of California sales found that green-certified homes sold for between 2.1 percent and 5.3 percent more than similar homes with minimal or no green features. A 2015 study of renovated homes in Washington D.C. concluded the average price premium was around 3.46 percent. A study last year in Texas found that green-certified homes sold for 8 percent more than comparable properties.

If you are in the San Diego area contact the appraisers at www.scappraisals.com ; they are forerunners in green properties appraisals.

Home builders have told researchers that two-thirds of their customers say they’re willing to pay higher prices for homes with significant green features, such as energy-efficient appliances, heavy-duty insulation, water conservation, healthy indoor air quality and others.

So is that it? Going green always nets you more green — case closed? Not so fast. Two recent studies by appraisers with long experience valuing green homes suggest the answer is more nuanced. Some of the researchers’ findings in brief: Though generally it’s true that green improvements will earn you at least a little higher price, the size of the premium may depend on external factors you hadn’t thought about:

  • Does the Realtor you picked to list your home know enough about green improvements to market them effectively? Is the agent competent to market what you’ve got to sell?
  • Does the agent have any formal training in this area, evidenced by a green designation in her or his own listing presentation or advertising?
  • Does the listing for your home in the local Multiple Listing Service (MLS) contain crucial information about your green improvements, such as a “green addendum” that details the special features that make it energy-efficient?
  • Does the local MLS have “green fields” that allow listing brokers to fill in the blanks with appropriate detail so that other agents — the ones who are going to find your buyers — know what your house really offers in terms of green improvements?
  • Do Realtors in the area know much or anything about rating systems such as HERS, LEED, ENERGY STAR or others? Do they know where to turn locally to obtain a rating? (HERS stands for Home Energy Rating System; LEED is a globally recognized rating system for residential and commercial green real estate; ENERGY STAR is a federally developed rating for appliances, building materials, entire houses and commercial property.)

If none of these key factors is working for you, your green features may be impressive, but may not earn you much of a premium. Worst case, they might even get you nothing.

rear more at: https://www.miamiherald.com/news/business/real-estate-news/article220044410.html

Disclaimer: for information and entertainment purposes only

RE Agents report – Buyers want green homes

  • More than half (56%) of real estate agents surveyed by the National Association of Realtors reported that buyers were interested in sustainability when it came to their properties, according to a February survey by the NAR.
  • Forty-three percent of real estate agents said their multiple listings service included green data fields, and 71% of agents reported that energy efficiency promotion in home listings was “very valuable” or “somewhat valuable.”
  • Real estate agents said clients were most interested in sustainable home features such as efficient lighting (50%), smart-home technology (40%) and shared amenities such as bike lanes and green space (37%), landscaping for water conservation (32%) and renewable-energy systems (23%).

read more at: http://www.constructiondive.com/news/more-buyers-want-green-homes-real-estate-agents-say/439944/

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Green Homes Here to Stay as Demand for Energy Efficiency Grows

The hottest trend in home design is not limited to wow-factor kitchens, master-suite bathrooms with soaking tubs or the family-friendly great room. Instead, a solid trend in home design is one where homes are built with energy efficiency and sustainable materials in mind.

That means home building has gone green — probably to stay.

Contact the appraisers at www.scappraisals.com for green home value questions.

According to the National Home Builders Association, the green building market has increased dramatically from 2 percent of homes built to energy-efficient standards in 2005 to 17 percent of homes built in 2011. The American Institute of Architects reports similar numbers, with an increase of requests for energy-efficient products and energy management systems, including solar panels and geothermal technology.

This growth is expected to continue rising to an estimated 30 percent by 2016, says Kevin Morrow, senior program manager for Energy and Green Building at the NAHB.

Read more: Green Homes Here to Stay as Demand for Energy Efficiency Grows – The Denver Post http://www.denverpost.com/jobs/ci_20460118/green-homes-here-stay-demand-energy-efficiency-grows#ixzz1tXQILkDg

Disclaimer: for information and entertainment purposes only