Green Housing

[MCC6]

Has anyone had any experience valuing "green" houses? Any resources you might be able to refer me to? Thanks.

 

[RSW]

Are you talking about a green house or a green house? A green house my be environmentally efficient while a green house may be used to grow plants.

 

[Restrain]

Assuming you're talking energy efficient, cost is 10-30% more, depending on where and what you're building. We had some here, ended up value equal to other non-green homes. However, you can comp regular homes, and adjust by the capitalized utility savings. The way things are going up, that might be very significant.

 

[Mike Boyd]

There is a "green" tract of homes now being offered here. Lots of publicity. Builder estimates cost increase is 40% but it included solar electric generating systems. No closings yet but many pre-sales, per builder. Prices start at $400,000.

 

[Metamorphic]

Assuming you're talking energy efficient, cost is 10-30% more,

Interesting that that is about the same price premium you pay for a green vehicle.

 

[Michigan CG]

http://www.usgbc.org/

Check out this website. You will learn everything you want.

 

[MCC6]

Thanks for the input. Tim, thanks for link.

 

[Joshua Fookes]

There is a new seminar offered through AI about Valuing Green Buildings

http://www.appraisalinstitute.org/education/seminar_descrb/Default.aspx?sem_nbr=800&key_type=S

 

[Farm Gal]

you may also want to check out energy star rated homes down at the bottom of the page there is a list of builders (by state) who purport to have met the requirements to be able to build homes that meet EnergyStar qualifications.

These are not overall green homes, but have a 20-30% improvement in energy usage.

Point being if you can find any companies with building tract records you may be able to develop some longitudinal studies with respect to value!

(Hubby & I designed and built a couple Energystar rated homes in 1994-5... didn't make any money but learned a LOT about the process... and they are GREAT homes according to the current occupants - very happy campers compared to their neighbors energy costs)