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HOUSING AS AN INVESTMENT, Green Homes and Land for Sale

By
Real Estate Broker/Owner with REAL ESTATE REFERRAL NETWORK 209970

 

 The parade commenced. The cry went out.  It was heard in the neighborhood, It was heard on downtown streets. You could even see it plastered on local bulletin boards.

 I am a REALTOR®. Housing as an investment is part of the decision-making process for my clients. But something new and colorful was on the horizon. .  "Green   homes and land for sale, GREEN  HOMES and LAND For Sale!"

I should have been the first person to notice. After all, I am aware that families want to know that the money they invest, possibly the most significant  investment of a lifetime, is going to have a solid ROI. Possibly even more than that they want to know that they will have a healthy living environment . And investors in real property ?  They want to know that the risks they take are likely to pay off!

 With the demand for sustainable development and building soaring, I should have known to advise them of the trend.

And I did.

I'm not saying I have a close relationship with the green homes crystal ball, or anything.
I just had some expert  prodding...Insights that came right from my community here in Asheville, North Carolina. And from across the Great U.S.A. trends in Sustainable /Green building offer Insights.  

PRODDING & INSIGHTS

There's a shift in the housing market.  Even the Weather Channelis reporting on building GREEN .  The Asheville area might well be THE hottest market for this focus in the USA. The word is out that Ashevilleis on the "greenfront" looking forward, in happy anticipation, to positive futures for all of us.  So what does this have to do with housing as an investment? It's a clue. Look at it as some timely prodding from smart markets.  

Prodding. Outside the Investment Housing Market, here in Western North Carolina, the N.C. Solar Center, a State-sponsored agency, is making grants to alt-fuel producers and fleets. Warren Wilson College is using the new fuels. UNCA is helping Blue Ridge Biofuels obtain national transportation-fuel certification and training so the school can use a 20-percent (and, eventually, 50-percent) blend of the cooperative's biodiesel in its campus shuttles. Buncombe County Solid Waste, whose fleet now runs on biodiesel, announced that the county also intends to convert 15 ambulances to the fuel and hopes eventually to use methane gas produced by decomposing vegetable matter at the county landfill (AR's Bill Westel should be happy with this news. He's into exploring housing investment real estate adjacent to  landfills, of all things.  One last note, the Sheriff's Department is converting to CNG, and the Blue Ridge Parkway also is looking into biodiesel. ..,
So, signs of the times...

Prodding. ..The Housing as an Investment  Market.  Here are some interesting facts:

  • Home owners as well as second/vacation home investors in Asheville's "Green" real estate market have advantages...such as:  Improved indoor air quality and healthier environment,   Lasting value,  Lower Environmental Impact(good for investor, neighborhood, town, all of us) Lower utility bills for heating and cooling.. just to name a few. Sound attractive to you?
  •  Green technology is more in demand each year. Right here in Asheville, N.C., for example,   there are 374  "Green" homes currently  being built and 44  on the market.  Sustainable homes reflect attention to detail which ultimately results in a top notch product in high demand by residential property clients and a top notch investment opportunity and prospects for excellent return on investment.

If you could look into the 2012 crystal ball for residential property sales, what would you predict?

Resources:

For interesting information about Healthy Built Homes including the Gold, Silver and Bronze Ratings Scale
click here.

Are you coming in to the Greater Asheville area or possibly transferred? Trends  of special interest.

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Comments(14)

ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
REAL ESTATE REFERRAL NETWORK - Asheville, NC
CONTACT janeAnne365@gmail.com
KUDOS to AR. I just got a phone call on housing as an investment (this article)...investor looking for sustainable property.
Feb 28, 2007 05:41 AM
Bill Westel
Eco-Steward Realty - Asheville, NC
ECO
I think that having a Green Home will be a definite plus on the resale market in the Asheville area. Here it is not just higher energy prices driving the trend but a conscious choice to live in an overall healthier home that uses both sustainable materials and resources.   
Feb 28, 2007 07:03 AM
ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
REAL ESTATE REFERRAL NETWORK - Asheville, NC
CONTACT janeAnne365@gmail.com

2012...I asked, if you could look into the 2012 crystal ball for residential property sales, what would you predict? ust 5 years from now, ...close to re-sale time in residential sales...where will you be positioned?  Bill's crystal ball says the sustainable building market is a good bet...and yours?

Feb 28, 2007 12:29 PM
ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
REAL ESTATE REFERRAL NETWORK - Asheville, NC
CONTACT janeAnne365@gmail.com
GREEN HOME FOR SALE ASHEVILLE. I saw this yard sign this week. What a great sign of the times and the trend for healthy-built homes continues. Last year we had about 50 on the market,. This year (2007) we are expecting almost 400! Super news for buyers,investors and the community.
Mar 02, 2007 12:06 AM
Anonymous
John Thomas

Hi janeAnne,

As you know I read your BLOG every weekend. The investment market in residential real estate is of interest to me. I am jsut stating out. Do you have any suggestions as to where I could start and still be "Green"? 

Mar 03, 2007 12:52 AM
#5
Sami Forrest
Eco-Steward Realty - Asheville, NC
Everyone is jumping on the 'energy-efficiency' bandwagon. Thanks for keeping up the momentum with your 'right on' comments. It's wonderful that Asheville has attracted a critical mass of architects, builders, ec0 conscious REALTORS, and home buyers who are participating in sustainable building.
Mar 04, 2007 10:07 PM
ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
REAL ESTATE REFERRAL NETWORK - Asheville, NC
CONTACT janeAnne365@gmail.com
John...You said you are just starting out in your investing. Depending on your strategy, you could look at the 1031 Tax-Deferred choices. Here in the Asheville area, (and possibly in other areas of the country) new condos (GREEN) are in pre-construction. This might be an affordable choice for you.
Mar 05, 2007 06:16 AM
ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
REAL ESTATE REFERRAL NETWORK - Asheville, NC
CONTACT janeAnne365@gmail.com
Sami...As you say...the bandwagon ...I just read an article in this month's REALTOR Magazine  in the department called, "The Buzz"... that points to the trend. Interesting!
Mar 05, 2007 07:00 AM
Chris Lengquist
Ad Astra Realty - Olathe, KS
Kansas City Real Estate Investing
I'm not trying to throw cold water but my clients are more concerned about ROI than whether a house is "green".  Personal residences, probably a different story.  I do all I can to conserve energy in my house and my vehicles.  I've even posted on Smarter Growth.  I'm all for it and am an advocate.  But most investors are investing in real estate for the returns.  Not the political/environmental statements. 
Mar 05, 2007 08:00 AM
Anonymous
dave
I've seen so much "green washing" going on in Listings because agents get desperate and add words like "green" when the house has vinyl windows or a water saving faucet. Argh. Listed Green is the only website that previews homes to ascertain they are really "green" I've even seen Eco-Broker's website with dozens of so-called green homes that aren't green at all. Let's get real folks. Agents need to use ListedGreen when it works and regular ads when it doesn't. 
Apr 23, 2007 06:27 AM
#10
ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
REAL ESTATE REFERRAL NETWORK - Asheville, NC
CONTACT janeAnne365@gmail.com

Chris~

 Heavy demand (at least in our market here in Asheville, N.C.) for "green-builts" + huge demand on the re-sale end works  for   investors who are chasing appreciation and ROI.

Apr 23, 2007 07:42 AM
ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
REAL ESTATE REFERRAL NETWORK - Asheville, NC
CONTACT janeAnne365@gmail.com

Dave~

Great heads-up on the link! THX!! I will let our Eco-certified real estate broker-folk (see logo) know about it!

Apr 23, 2007 07:45 AM
Bill Westel
Eco-Steward Realty - Asheville, NC
ECO

Dave:

Any idea how many hits a day Listed Green gets?

Apr 23, 2007 11:08 AM
Tracy Santrock
Santrock Realty Group Inc. , - Cary, NC
Raleigh - Cary Broker

I toured my first "All Green" community today in Cary and I thought of you. there is a lot to "going green" and I've learned a lot about the specifics.  Keep up the good work.

Jun 10, 2008 03:19 PM