Monday, April 19, 2010

Why do you want a Green Home?

According to the US Green Building Council, "Generally, green homes are healthier, more comfortable, more durable, and more energy efficient and have a much smaller environmental footprint than conventional homes."

Sustainable properties are the future of residential real estate. Consumer demand, residential builders, federal government incentives, and local government policy are making this happen. Many consumers, real estate pros, and property owners are taking steps towards greening their properties.

Consumer Demand

As the green building movement gains momentum, so does the consumer demand for greener properties. Two-thirds of consumers are paying attention to green homes and buildings; they recognize the link between green properties, cost savings and healthy living.

Consumers also understand the long-term investment and savings associated with greener homes. Homebuyers who ranked energy efficiency as "very important" purchased homes that had a median price $12,400 higher than those who ranked it "somewhat" or "not important."

Commercial Demand

Government incentives and policies are increasing the number of green commercial buildings and retrofits as well. Nearly 25% of all new construction projects in the U.S. are LEED-registered. Additionally, the number of states with green building policies, standards, legislation, and programs increased from 13 to 31 between 2005 and 2008 (Green Outlook Report, McGraw Hill Construction 2009).

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