Pay Back on Green Home Improvements.
According to studies green homes will sell for more money and will sell up to 1/3 fewer days than standard homes.(1) A new study involving large sample of homes sold in California between 2007 and early 2012 has documented that, holding all other variables constant, a green certification label on a house adds an average 9% to its selling value. (2)
The return or payback on the added cost of the green investments can be anywhere from under a year up to ten years but then the return on investment (ROI) can far outperforms CDs, saving accounts and sometimes even the stock market. For example installing a new high efficiency, variable speed, furnace/boiler will cost an average of $1,145 above that of a standard boiler/furnace but will give you about $300 of annual savings with a payback in 3.8 years and over 20 years a savings of $6,000.(3)
For further information regarding buying and selling homes in lower Fairfield County, Connecticut contact David Popoff at DMK Real Estate in Darien, Ct.
- (1) http://www.greenedgemichigan.com/roi-home-efficiency-improvements/
- (2) http://articles.latimes.com/2012/jul/22/business/la-fi-harney-20120722
- (3) http://pureenergies.com/us/blog/infographic-home-improvements-that-pay-you-back/
- (4) http://www.greenandsave.com/master_roi_table.html
Additional articles about Energy Efficiency around the Home:
Click on Title to go to website and read full report.
For more information on Home Trends in Fairfield County, Connecticut contact DMK Real Estate. DMK providing step by step real estate assistance for buyers, sellers, builders, landlords and tenants.