The Housing market is finally bouncing back. Pent-up demand, competitive mortgage rates, affordable pricing and a growing economy should keep housing on an upward trajectory long into 2015, at least.
Homebuilders are optimistic too. The gauge that measures single-family sales expectations for the next six months has accelerated from 61 to 52, prospective buyer traffic has risen from 40 to 33, and single-family home sales have climbed from 56 to 48. And “Green” living has been increasingly popular with the average homebuying family.
The housing market is doing better than it has in a long time. But how are modern green homes performing?
Is the Market Ready for Green Homes?
According to new research, US homebuyers are willing to spend 11-25% more for green built homes. Of the homeowners that purchased eco friendly custom homes built to the National Green Building Standard in the past three years, 92% said they would purchase another, and 55% knew their homes cost more to build than standard custom luxury homes but believed the benefits outweighed the cost.
About 40% of US home remodeling projects are already carried out using eco friendly materials, and demand for new green homes is expected to rise 900% over the course of the next five years. But why are people so enamored with green custom luxury homes?
Friendly to the Earth and Your Wallet
Though green custom homes are a big investment, it’s not all bad news for your wallet. Even standard custom luxury homes have been shown to be 17% more energy efficient because of recent building codes, and green buildings usually cost 30% less in utility expenses. You may also be able to get tax breaks and rebates for using green building and energy for your new home.
Right now, buildings consume 40% of all the energy used in the United States, and 72% of electricity generated. They also account for 38% of all CO2 emissions in the US. Homebuilding is a massive source of waste in landfills, and non-green building materials can release harsh chemicals into the environment.
As it turns out, the market is ripe for the expansion of green home building. Contact a green home builder if you’re ready to minimize your carbon footprint and your monthly utility bill.
Green custom homes are becoming more and more popular with families across the U.S., and it’s not hard to see why. Building green homes doesn’t cost much more upfront than building their non-environmental counterparts, and the long list of benefits makes green built homes more than worth it.
Building green homes can actually have a positive effect on your heath, both physical and financial. Though homes with features like high-efficiency equipment and other green measures will cost more at first, it will cost less in utilities and maintenance over time. In fact, eco-friendly buildings generally pay 30% less in utility expenses. A green home is also likely to sell faster and for a much higher price than a comparable non-green home.
Eco friendly custom homes are built with fewer products containing formaldehyde and other volatile organic compounds. In some non-green custom luxury homes, these heavy chemicals can be found in everything from paints and cabinets to carpets and millwork. The gasses they produce over time can contaminate the air in your home even before you move in, and will continue to contaminate it years later.
If you have any family members with breathing or respiratory issues, having good air quality is an absolute must for healthy living. When building green homes, builders cut down on these damaging and unhealthy chemicals, and they also seal the ductwork of your high-end air filtration systems tightly to keep air from escaping in a way that disrupts the natural flow of the house.
Most green homes are also constructed with a breathable, waterproof air sealing membrane, allowing you to cut down on HVAC leaks and get the most out of your monthly utility bill. The heat-recovery ventilation systems that usually go hand-in-hand with green homes also allow a regular supply of fresh air into your home without losing heat. Recent building codes also ensure that new custom homes are up to 17% more energy efficient than older ones.
Your community will be healthier as well, especially since many of the materials leftover from your construction job will be recycled rather than sent to landfills.
Experts effect green home demand to rise 900% in the next five years, so don’t wait until everyone else has one! Contact a custom home builder near you and see if a green home is right for your family.