Did you know that a home with a green rating or label could bring you almost 10% more in re-sale value?
Multiple studies coming out of the US show that homes with a green rating sell at a premium. In California, on average a green home was selling for 9% more than a comparable home on the market. For example,a non-labeled home selling for $400,000 compares to a labelled home that would sell for $434,800. These same trends are developing here in Canada as well.
Any reluctance we might have about purchasing an energy efficient new home should be eliminated not only when we consider the ongoing costs savings on utility bills, but also the premium value available when it’s time to re-sell it.
Would you pay more for an energy-efficient home? Of course!
*Source: “The Value of Green Labels” Nils Kok & Matthew E. Kahn