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Green Homes Do Have Greater Value in the Marketplace

By Cathy Criado

Real Estate Broker/Owner with Criado Realty 0548772

January 30, 2012 01:55 AM

Even investors are looking at the value of going green! An inquiry came to me after emailing my January newsletter from an unknown subscriber to my newsletter, which spurred me to investigate the value of going green, other than just be Eco-chic.

I'm an investor here in San Antonio. In my day job I have experience in commercial LEED EB O& M projects.

I'm looking for data that supports that green renovated homes in SA command higher rents and resale values as well as shorter DOM. As you are well aware the vast majority of real estate agents are clueless about Green Renovating, and the agent that sends me most of my deals is one of those. But, he knows how to analyze deals from an investment perspective.

If we can do green reno's and eliminate a lot of competition plus make the kind of returns that I need, I am all for it.

I replied and am now working on finding comps to help my new client make GREEN investments. I know our board has limited tools so I decided to explore getting on this committee. But today I saw something from the National Association of Realtors, via 3rd party report, that will give me ammo about pushing our board to do more and helping people see that GREEN isn't just more money out of your pocket.

Energy Star® Homes Have Market Leg-up

A 2011 study by the North Carolina Energy Efficiency Alliance indicates that ENERGY STAR® homes have a leg-up in the market.
The group looked at data in a five-county region around the North Carolina's greater Raleigh-Durham area. It compared a random sample of Energy Star Homes with home with no green certifications.

One key finding of the study: Energy Star Homes sold faster and for more money than those other properties.

Read about how the study was conducted and the group's other findings here.

Are You Beginning to See the Value?

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Cathy Criado

Criado Realty - San Antonio, TX

Making Real Estate Profitable

Joan- thanks!!!! You're so awesome! Thanks for taking time to read my newsletter even if you're going 100 miles an hour.

Jan 30, 2012 02:21 AM

Lehel Szucs

All Seasons Real Estate, Inc. - Covina, CA

REALTOR of choice

thank you for sharing what you found .... this is really good to know .... every little bit can help

Jan 30, 2012 02:29 AM

Cathy Criado

Criado Realty - San Antonio, TX

Making Real Estate Profitable

Lehel, you are very welcome!

Jan 30, 2012 02:30 AM

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400

The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY

Long Island Condo and Home Specialists

That's terrific that you were recognized for your knowledge because of your newsletter. You will certainly be the "go to" Realtor for all that is "GREEN"!

Jan 30, 2012 02:43 AM

Anita Clark

Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA

Realtor - Homes for Sale in Warner Robins GA

Cathy: Your methods of getting your quality content to your local readers is working...great job girl!

Jan 30, 2012 04:11 AM

Cathy Criado

Criado Realty - San Antonio, TX

Making Real Estate Profitable

Larry & Sheila - Thanks so much for your endorsement! Send your San Antonio buyers this way!!!

Anita - Yeah, it seems to be well received and effective. Next on my agenda is to get on the phone and do some prospecting via Build San Antoino Green.

Jan 30, 2012 04:31 AM

Jill Sackler

Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY

LI South Shore Real Estate - Broker Associate

That's funny, Cathy because I couldn't begin to tell you how often it's mispronounced that way. Even as I'm being called up to the podium to receive an award, they announce me as Jill Slacker. What are you gonna do?

Jan 30, 2012 11:15 AM

Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

Cathy you are doing a great job on your blogs. You are on the cutting edge and i look forward to learning additional information on the wave of the future.

Jan 30, 2012 12:13 PM

Cathy Criado

Criado Realty - San Antonio, TX

Making Real Estate Profitable

Jill, and I'm chest of drawers. It happens. Sometimes I'm a burough or burro.

Scott, I hadnt thought of it like that. I guess I am. Thanks for your kind words today.

Jan 30, 2012 01:02 PM

Endre Barath, Jr.

Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA

Realtor - Los Angeles Home Sales 310.486.1002

Cathy, I have always suspected it...could not prove it.....Now you have great visual proof!

Jan 30, 2012 02:09 PM

Former Agent

None - Adak, AK

Hi Cathy. Congratulations on your recent inquiry. And, anything that can help distinguish a home, such as GREEN features, is great!

Jan 30, 2012 02:29 PM

Connie Harvey

Pilkerton Realtors - Brentwood, TN

Realtor - Nashville TN Real Estate

Cathy, I think many people are become more conscious of green building and energy effecient windows and appliances.

Jan 31, 2012 07:46 AM

Cathy Criado

Criado Realty - San Antonio, TX

Making Real Estate Profitable

Hi Endre - It's a start anway. Not true in all cases but certainly worth considering.

Hi Aimmee - Yeah, that is cool. I'm hoping that it turns into reapeat business. Working on it.

Hi Connie - I think people know but are afraid given the economy and all. Lots of bad press too.

Jan 31, 2012 08:01 AM

Debb Janes

Nature As Neighbors - Camas, WA

Put My Love of Nature At Work for You

It's the way of future. Silly that it's taking so many people time to catch on - or maybe it's good for the rest of us. :) The choice for purchasing a green home makes good sense - prices are even not as disproportionate as they used to be. Good job spreading the "green" Cathy.

Jan 31, 2012 10:51 AM

Cathy Criado

Criado Realty - San Antonio, TX

Making Real Estate Profitable

Hey thanks Debb! Anything new takes time.

Jan 31, 2012 12:03 PM

Jennifer Fivelsdal

JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY

Mid Hudson Valley real estate connection

Cathy it is true that gren homes sellers faster and for more and your graph certainly drove home that point.

Jan 31, 2012 02:22 PM

Joni Bailey

101 Main St. Realty - Huntsville, TX

Your Huntsville / Lake Livingston Area REALTOR®

Congratulations on finding a new client via your e-newsletter. Not only are you GREEN, you are TECH SAVVY!

Jan 31, 2012 04:46 PM

Cathy Criado

Criado Realty - San Antonio, TX

Making Real Estate Profitable

Hi Jennifer - Sorry for the delay in my reply but AR is having email issues, gasp. Thanks for reading my blog. I am working on finding local data so it should be interesting to see how we stack up against this data.

Hi Joni - I try girlfriend. I think my husband and kids would say I'm tech challenged but they are benchmarking me against a high standard, my husband. I am working diligently on using social media, MLS, and every Internet source within reason to reach out for and to buyers and sellers. It takes some learning!

Jan 31, 2012 04:56 PM

Marco Giancola

Beachfront Realty - Miami Beach, FL

Realtor (305)608-1922, Miami Beach Florida

Hey Cathy-those facts stat it all clearly. I am currently searching for a reno project myself that I plan on rehabbing as green as I can afford. My biggest hurdle I see so far is the a/c, the SEER numbers have risen but the technologies still seem to be the same. I am probably looking for something that doesn't exist yet:)

Jan 31, 2012 09:26 PM

Cathy Criado

Criado Realty - San Antonio, TX

Making Real Estate Profitable

Hi Marco -

I suggest to start with the basics. It really doesn't matter how good your a/c is if your home is leaky. So, start with tightening the envelope. Read this first before doing anything to the home.

Good luck! Thanks for stopping by Marco!!

Feb 01, 2012 12:46 AM