Last month, the UCLA Institute of the Environment and Sustainability released a report that looked at the difference between homes sold with and without third-party green certifications.
Companies like Energy Star, LEED and Greenpoint Rated offer certification programs for houses that meet specific eco-friendly requirements. These criteria can include everything from energy-efficient appliances to the use of recycled building materials. The study found that homes with these certifications were selling at prices 9% higher than similar homes without certification.
Why We’re Asking:
“Green” upgrades are often advertised as a great way to increase the resale value of your home. But just upgrading your refrigerator doesn’t qualify your entire home for green certification. For a buyer that’s interested in purchasing an eco-friendly home, it’s hard to imagine they would choose one that is only partially upgraded. Energy efficiency is an investment in the environment, but that doesn’t mean it can’t be an investment for the homeowner as well. We’re reaching out to our green experts this week to get the skinny on green certifications.
So green experts, it’s time to weigh in:
How Valuable are Individual vs. Whole Home Green Upgrades?
Are whole home certifications the only real way to increase the resale value of your home with green products?
Are some certification programs more respected or widespread than others?
Are whole home retrofits expensive? What problems might homeowners run into if they try such upgrades?
Are there tax incentives or rebates specifically for whole home green upgrades?
As real estate prices across the country are increasing, we want to help homeowners get the most value when reselling their home.
Experts, post your answers in the comment field below!