I know granite countertops can add to the value of my home, but can energy-efficient products also help when it comes to resale?
Yes, having an energy-efficient home can make it more valuable when it comes time to sell it, and that’s a trend that is not likely to change. According to the Appraisal Journal, every $1 decreased from a home’s utility bills, increases its market value by approximately $40.
With the increasing adoption of the Home Energy Rating Systems, known as HERS, it’s getting easier to test, measure, quantify and document the energy efficiency of a home. That documentation can help potential home owners understand how energy efficient a home is and what that can save them each month in utility bills.
The National Association of Home Builder’s publishing arm, BuilderBooks, released in 2013 What Home Buyers Really Want, a study which outlines home buyers’ preferences for home type and size, room layout and design, kitchen and baths, windows and doors, accessibility and outdoor features, electronics and technology in the home, energy efficiency and choosing a community.
The study was conducted by NAHB’s Economics and Housing Policy Group in 2012, based on a survey of home buyers nationwide. Results from the study are available by age, income, race and Census division, among other demographic characteristics.
So, what do home buyers really want? First and foremost, energy efficiency. Some of the most wanted features involve saving energy, i.e. energy-star rated appliances and windows, and an energy-star rating for the whole home.
Nine out of ten buyers would rather buy a home with energy-efficient features and permanently lower utility bills than one without those features that costs 2 percent to 3 percent less.
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