Quite a few have questions whether or not green features in homes would result in higher value and selling prices. There are some studies that report that consumers are willing to pay more for green-rated Boston real estate and real estate across the US. Other studies have shown that green-certified properties typically sell at a larger price than comparable homes that are less efficient.
There was one recent study of note that took a sample of homes in California between 2007 and 2012 totally 1.6 million in number, which found that on average a green certified house resulted in a 9% increase to its value. They additionally found that in areas where real estate buyers had registered a greater number or hybrid cars the buyers were more willing to pay higher prices for green-certified real estate properties than buyers in areas with fewer registered hybrids.
This study did not see a notable connection between local utility rates and buyers? willingness to pay higher prices for ?green? homes, however, the study did show that in warmer areas buyers were willing to pay more for green-certified properties.
This study was orchestrated by Professor Matthew E. Kahn of UCLA and Nils Kok of Maastricht University (located in the Netherlands).
What do you think about these findings?
Are you willing to pay more for ?green? homes than you would be for a comparable Boston real estate property that isn?t as efficient?
If you?re interested in finding a ?green? Boston real estate property, contact First Boston Realty International to discuss your housing needs. First Boston Realty International is a well-connected Boston-based real estate firm ready and willing to assist you in finding the perfect ?green? home.
Source: http://www.firstbostonrealty.com/blog/green-homes-may-actually-result-in-higher-values/
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