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Green Housing

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MCC6

Sophomore Member
Joined
Jan 14, 2005
Professional Status
Certified Residential Appraiser
State
Pennsylvania
Has anyone had any experience valuing "green" houses? Any resources you might be able to refer me to? Thanks.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
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

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
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

Elite Member
Joined
Jan 18, 2002
Professional Status
Retired Appraiser
State
California
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

Senior Member
Joined
Mar 15, 2008
Professional Status
Certified Residential Appraiser
State
California
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.
 

MCC6

Sophomore Member
Joined
Jan 14, 2005
Professional Status
Certified Residential Appraiser
State
Pennsylvania
Thanks for the input. Tim, thanks for link.
 

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
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)
 
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