Study: Green homes sell for 9% more in CA #realestate @wendykoch

Study: Green homes sell for 9% more in CA #realestate @wendykochThis is important for landlords to know because even regardless of views concerning Anthropogenic Global Warming (AGW), tenants and landlords often pay various utility bills that over the life of a lease or ownership may more than eat up the difference between a lower rent or purchase price for a non- or less-green property versus higher for greener.

Tenants and landlords should also consider the costs/benefits of retrofitting already leased and purchased properties.

Green-certified homes sell for 9% more than regular homes in California and their premium is highest in the hottest and most eco-minded areas, says a report today.
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The study finds the premium is also highest in the hottest places, suggesting buyers value green labels for the pragmatic reason of lower utility bills.
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In Seattle, they sold for 8.5% more per square foot and were on the market 22% less time from September 2007 to December 2009, according to Seattle-based GreenWorks Realty. In the Portland, Ore., metro area, they sold for 12% more from May 2008 to April 2009, reports the Portland-based non-profit Earth Advantage Institute.

Study: Green homes sell for 9% more in CA #realestate @wendykoch

Wendy Koch

Read the whole article: Study: Green homes sell for 9% more in California, by Wendy Koch. USA TODAY.

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