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Resale Value

Prove to us that enhanced home energy performance translates into enhanced resale value!

Members: 43
Latest Activity: Mar 18

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Where does the circle of participation begin? Realtors, Appraisers, Builders??? 5 Replies

In this group titled "Resale Value" we are all tasked to "demonstrate that enhanced home energy performance translates into enhanced resale value!"Even though most of us understand that the increased…Continue

Started by Jamie Kaye. Last reply by tedkidd Jul 21, 2011.

GreenMLS efforts one step closer to a platform for Green Value

NAR Releases Latest Version of GreenMLS Toolkit The National Association of REALTORs introduced the latest version of the…Continue

Tags: energy, cnt, value, greenmls

Started by Laura Reedy Stukel May 25, 2011.

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Comment by Debra Little on February 2, 2011 at 6:37pm

The verifiable proof of an EE home is its utility bills. How many Btu or kWh does this house use? I agree that if a home has a green certification (LEED, BIG, EarthAdvantage…) it is useful data to provide to an appraiser as information that can direct them in their due diligence research as to what features are really contributing value to this property. I don't advocate a 'box' in the 1004 form (appraisal form for most/typical residential properties) to site any certification,  or any points based or model based scoring system - until we have more reliable data.  Today, a green certification does NOT guarantee an energy efficient home.  Although the general buying public may demonstrate their value in EE by buying a “Green” cert home, they may not actually get what they thought they were paying for. A box or place for a 'label' could easily be misleading.  Beyond EE features I see there to indeed be value in other green elements that appraisers need to recognize; durability, water conservation, indoor air quality. Other parts of the 'valuation of green' story.

Comment by Laura Reedy Stukel on February 2, 2011 at 11:02am
Glad to find this group - and friends like Rick Williams here already!  Here's a recent blog post I wrote that's related to the topic.  I look forward to furthering the conversation.  http://www.notyetgreen.com/?p=1109
Comment by Evan Mills on January 4, 2011 at 11:18pm

New study from England

http://ht.ly/3xHVX

Comment by Rick Williams on January 4, 2011 at 12:59pm
What is the best way to show increased home value with energy upgrades?   Rick Nevins, 20 x every dollar saved is dated from 1998.  What are the metrics for demonstrating the NPV% as with HERS?   Can we pull the same data from a BPI audit?
Comment by Evan Mills on December 14, 2010 at 2:14am

More from Jamie here.

Comment by Evan Mills on December 8, 2010 at 12:05am
Good comments, Jamie.

Here's another study.

And a summary.
 

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