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The wearin' 'o the green can translate into green in your pocket
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Now that the green building revolution has traction, how can we judge its long-term effects not only by fading the carbon footprint but also by the value consumers place on green-built homes?
Seattle Times' Eric Pryne, in his article, Seattle ‘Built Green’ Grew in Value in Last Two Years, which also appeared in BUILDER Magazine, a new study certified "green" Seattle-area homes went up in value over the past few years, while comparable uncertified homes either depreciated or appreciated less.
“The average sale price of town houses within Seattle built after 2003 and certified as ‘Built Green’ was up 1 percent in 2007 and 8 percent during the first eight months of 2008, according to the report. In contrast, it says, the average sale price of Seattle town houses of similar vintage without the certification slipped 5 percent in 2007 and 4 percent through August 2008,” reports Pryne.
"Built Green" is a program of the Master Builders Association of King and Snohomish Counties that provides certification for new homes with environmentally friendly features. The program commissioned the study, completed earlier this year by economic-consulting firm Gardner Johnson.
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