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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