Green homes sell for 9% more
The LA Times reports that a new study by UCLA of 1.6 million home sales found that green homes have a 9% premium on their price. The study compared homes with Energy Star, LEED or GreenPoint Rated labels with other homes, and normalized for typical factors such as location and view. The results are consistent with European studies that found a 10% premium for green homes. The premium was higher in hotter inland areas than more moderate coastal areas, providing further confirmation that people understand the value of green homes (for example lower air conditioning bills). It is nice to see that people who invest in making their homes more efficient are rewarded for their efforts again when it is time to sell.
Read the whole article here: http://www.latimes.com/business/realestate/la-fi-harney-20120722,0,7849454.story