Posts Tagged sustainable
There has been much debate over the years as to whether going green gets you green – do sustainable features improve the selling price of a house?
Some studies have demonstrated that consumers are less willing to pay a higher price for green-rated homes when times are hard economically. A definitive study was recently conducted in California from 2007 to early 2012, covering the unusually-large number of 1.6 million houses. The Los Angeles Times and Washington Post both ran articles about it. It found that green certification improves the selling price of a house by an average of nine percent. It also discovered “the Prius effect” – if an area housed consumers who supported environmental conservation, it was evident from increased ownership of hybrid cars, and in such areas people were more willing to fork out a premium for green-certified houses. Where there were less Priuses, people were less willing to spend more.
This research was carried out by Nils Kok of the Netherlands’ Maastricht University and Matthew E. Kahn of UCLA. Kok is presently a visiting scholar to the University of California. The effects of locational factors such as amenities like views and pools, the data of the sale, crime rates and school districts were eliminated.
Green homes could negatively affect the environment because, being further from the centres of cities, they require a longer commute to work. Despite this, Kok and Kahn are firmly of the belief that the green characteristics of homes – which produce considerable reductions in energy bills – should be highlighted.
The nine percent premium for green homes is similar to results obtained in Europe, where houses that are energy-efficient are more common. One study found that homes with an “A” rating under the system of the European Union fetched 10 percent more, while houses that were rated poorly sold for substantially less.
Houses are more green if they have insulation, an efficient heating system, an energy recovery system, appliances that use less energy, lower-energy lightbulbs, low-flow plumbing and double glazing. This latter also improves the appearance of a house. Hardwood floors are more durable and easier to clean than carpet or vinyl, although they absorb less noise. The flashing and caulks of sidings and roofs should be effective. Gutters should guide water away from the house, and could terminate in barrels so the water can be used on the garden or to clean a car.
This article has been written for Your Future Home by Timothy Chilman who writes internet content on behalf of www.homesales.com.au
Many property owners are recognising need to think green – not just for the environment but also to save money. With the increasing drive to GO GREEN it is a perfect time to focus on environmentally friend products available in the home building and renovation market.
There is an ongoing shift towards people wanting to use natural free energy sources when building or renovating. Rain water tank expert Liza Joubert is calling on all home owners to think more about the energy we use and waste in our homes and how we can change our wasteful ways.
There is a huge variety of green products available and most people don’t realise that eco-friendly does not mean more expensive. But we all really need to start preparing now to save water, electricity and become more energy efficient.
According to Liza, a sustainable house could consider the eco products available for the home.
- Rain harvesting tanks: This means free and good quality and the opportunity to save money on water usage bills
- Solar energy: For the home or pool heating this is the perfect way to save money and power
- Shower heads and new dual flush toilets: These save water in the home
- Water wise gardens: Choosing plants and landscaping that suits the hot summers is the best way to save water
- Insulation: saving energy and save on your power usage bill
With the increases in utility bills, there is a real movement towards educating consumers about being more environmentally friendly in their homes and choosing green products.
This article was provided to Your Future Home by Liza Joubert from www.jojotanks.com.au