I don’t know about you, but in southern California, we’re in yet another drought. In fact, I’m not sure if we ever got out of the previous drought. With water conservation and energy efficiency being at the forefront of everyone’s mind, it isn’t surprising that home sellers and realtors are highlighting the eco-friendly features of homes on the market. Do these eco-friendly features really increase a house’s value? Well, some features do and some don’t.
A surprising thing is that many of the most touted eco-friendly features such as energy efficient appliances and doors as well as solar power actually take away from the sales price of a home! Homes featuring a rain catchment can increasing the asking price by almost 8%, while energy efficient windows and ceiling fans increase a sales price by 2-3%.
Though purchasing a home with eco-friendly features does have long-term benefits, the prices aren’t that much affected by them.
Is a home with eco-friendly features important to you? Why or why not? Please leave your comments below. Thanks!
This information is brought to you by:
Dennis Smith, ABR, SRES, e-PRO, CDPE, Realtor® CalBRE# 00476662
Certified Distressed Property Agent
Sunshine Smith, SFR, Realtor® CalBRE# 01249837
Short Sale, Foreclosure Resource Certified
760-436-0087 or cell at 760-212-8225
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