Do you have a green thumb and are you imprinting it on your
property? Recent studies have shown that you should hop on this
bandwagon for your home and wallets sake, and fast. The University
of California just shared conclusions from their research that
insists Green Homes garner on average 9% more money upon its sale
than a traditional home.
1.6 million California homes sales were analyzed which covered
data from 2007 through where we currently stand in 2012. Of the
aforementioned 9% boost a Green Home can achieve at closing, this
on average accounted for $34,800. Also, in areas in California
where electric and other energy efficient vehicles are more
popular, the difference in the home sales of Green compared to
traditional homes was an even larger percentage. Clearly,
Green real estate is in and those who follow this
notion and live and breathe its clean air mantra everyday are stern
in their search for all things Green; be it home, car, and the
like.
It appears as though the warmer climates of California comprises
of residents who are more Green conscious than those further North.
Moreover, comparable studies have even been enacted in Seattle and
Portland, Oregon, where similar results regarding Green Home living
percentage differences were also found.
This phenomena is even being termed the Prius Effect. A Prius,
the full hybrid electric mid-size hatchback from Toyota, is one of
the more popular vehicles for Green enthusiasts today. This given
name for an effect, however, is used to explain the positive
correlation that exists between environmental ideology measured by
the rate of hybrid registrations and Green Home labels. So when
looking to renovate or build your next home, remember to think with
a Green hat on when choosing appliances, flooring, paint and more.
Not only do these choices help our Planet but they also benefit
your wallet from reduced energy costs and clearly are proved to be
worth the investment upon the resale of any property.
More Information: Realtor Mag