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Thinking green makes sense

By
Real Estate Agent with Keller williams West sound

In a world where we are seeing gas approach $4.00/ gal. and deisel at just shy of $5.00 a gallon , is it time we take stock in what we can do to gain control over what we spend not only gas for automobiles but also for utilities?
My husband is a certified green builder and we just gutted and remodeled a little 1950's rambler .its 1600sqft , 3bd1,5 baths.  We initially were remodeling it for ourselves ,and are now going to be renting it out. We live in Gig Harbor located in Pierce county Washington ( a fairly mild climate) So to make a long story short, last month , April our electric bill for this house was $18.00, and the natural gas $29.00. The reponse by the consumer a been huge.

We as agents have an opportunity to share this kind of information with home buyers and owners nationwide. I am amazed at the number of people who have shared with me their current utility bills in the $300-$350 range. Ok so looking at Febuary's bill Electric $31.00 gas 45.00 this is still a huge savings.So for those of you who have clients that are either buying investment props, or are remodeling as opposed to Selling, share the benfits of building green.

Building and Thinking green is not only kind to the enviorment, it is a way regain control of what we spend. and how dependant we are on fossil fuels.

Cost associated: Use of Green Products in some cases is more expensive upfront,for example , a tankless hot water heater costs $2500/ as opposed to $600-$800 depending on where you live. More than that , the average house hold will do a majhor remodel every 10-15 years. How much do you think we will be paying for these bills there ?

THe energy star label can be earned by anyone.  Any home, 3 stories or less, can earn the label if it has been verified (by a third party inspector) to meet the EPA's guidelines.  This includes pre-existing homes if the work has been done to qualify!

 The only way to truly qualify for the Energy Star seal of approval is to receive third party verification. There are several things that can be done to a home to help it get energy star certification. All of which imrove the quality of the home, as well as  increasing the internal comfort, lower utility bills and reducing  the air pollution generated. Therefore reducing green house gases.  Here are just a few: effective insulation, high performance windows, tight construction ducts, efficient heating and cooling equipment and effective products (like Energy Star appliances, etc.) For more information building green cotact us today t.sandconst@gmail.com oer www.builtgreen.com

Comments (5)

Enrico Pozzo
Coldwell Banker Bain - Seattle, WA
Seattle Condos, Lofts, Houseboats

We just remodeled our houseboat on Lake Union (my wife and I are also licensed architects). We incorporated few green features to our design such as; natural ventilation, natural lights, use of sustainable materials (bamboo flooring and cabinets), Low-e windows, energy star appliances and more. I agree with you that we as agents have an opportunity to share valuable information with home buyers about "Green Living". 

Enrico Pozzo, Coldwell Banker Bain: Seattle Condos, Lofts, Houseboats and all Seattle Real Estate Listings

May 23, 2008 06:48 AM
Tim Rogers
Coaches Corner Radio...The Real Estate Guy - State College, PA

Charlene - The single most important remodel to be made to any home is geothermal heat and air.  It reduces utility bills, burns no carbon for energy, and releases no carbon into the atmosphere.  Simply using the energy a few feet under your grass can make all the difference in energy costs.  There is nothing better than that.

The price this morning for home heating oil was $4.39 a gallon in Pennsylvania, up fifty cents in two weeks.  In the 1950's, 60's and 70's it took 30 years to increaase fifty cents.

Tim

May 23, 2008 12:04 PM
Bill Carrington
Walker Realestate and Assoc; - Cupertino, CA

Going green makes all the sense in the world, or soon we will not have a world. Solar is one source that we have plenty of ,and needs to be developed for automobiles and power plants etc. The cost is expensive, but the cost of not changing will be a higher price to pay.  Greed of these large money and power hungry companies will leed to our destruction if we don't start fighting back with new alturnatives.

May 23, 2008 01:14 PM
Jennifer Esposito
JenRan Realty, LLC - Woodstock, CT

We have low E windows, solar hot water, and a passive solar home.  (Our tankless hot water heater cost only $800.) 
I think people are starting to recognize all the benefits to 'going green' and will start to look for homes that are more environmentally responsible. 
*What does it take to become a certified green builder?  I'd like to pass the info along to my husband.

Jun 06, 2008 07:11 AM
Charlene Sandoval
Keller williams West sound - Gig Harbor, WA
Relocation and Real Estate Gig Harbor Washington

Green Mortgages Equal Larger Loans and Efficient Homes

Tired of heat and energy prices skyrocketing out of your budget? Now you can do something about it...and your mortgage can help!

Energy-efficient improvements, such as installing double-paned windows and additional ceiling insulation, can save you money every month, not to mention pay for themselves in the long run. But how do you come up with the cash to pay for those projects up front or to buy a slightly more expensive house that already has them? One way is with a "green mortgage."

What is a Green Mortgage?

Green mortgages actually come in a couple of different formats. Officially these loans are classified as either Energy Efficient Mortgages (EEMs) or Energy Improvement Mortgages (EIMs).

An Energy Efficient Mortgage essentially allows you to purchase a home that is already energy efficient - even if the price of that home is larger than you would normally qualify for under your debt-to-income ratio. Energy Improvement Mortgages, on the other hand, allow you to take out a larger loan to make energy efficient repairs and improvements to a house that is not currently rated as energy efficient.

The main benefit of both of these mortgages is that they help you to qualify for a larger loan amount and help make it possible for you to live in a better, more energy-efficient home. The basic principle behind this type of financing is that the money you save from the more efficient home will offset the larger mortgage payments.

Qualifying for a Green Mortgage

To qualify for a green mortgage, you typically need to have a Home Energy Rating conducted. This rating provides the lender with an Energy Savings Value, which is the estimated monthly energy savings and the value of the energy efficiency measures.

Depending on your unique circumstances, you may qualify for a conventional, FHA, or even a VA green mortgage. Each type of loan is designed to fit specific situations and, therefore, each loan has specific requirements that must be met.

You can learn more about the differences between conventional, FHA, and VA green mortgages at the Energy Star website. And for more details about green mortgages in general, visit the HUD website.

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Aug 20, 2008 03:30 AM