Even though prospective home buyers want the benefits of new, more efficient homes, they are unwilling to pay much more for a “green” home, according to a recent member survey from the National Association of Home Builders (NAHB).
The survey said that most buyers are willing to pay only an additional 2% for green features. Specific references for green homes are regional, with the West reporting interest in water efficiency, and desire for recycled materials higher in the Northeast. Overall, energy efficiency continues to be the primary factor driving the green building movement.
However, cost-effectiveness clearly drives buyer decisions. When you are remodelling, it's a good idea to upgrade to energy efficient appliances, use "green" paint and other building materials, but don't expect to see an increase in home prices just yet. Green features will definitely make your home more marketable, but that might not necessarily translate into higher price per square foot.
Source: RISMEDIA
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