Does it Matter if a Green Home has a Stamp of Approval?

Does it really matter if a green home has the stamp of approval via a green certification? One can easily dismiss its importance and argue that it barely translates to anything that matters at all, but a research shows that a green home label actually makes a concrete difference. A study by the University of California, Los Angeles and the University of California, Berkeley show that green construction does have a real dollar impact for homeowners in California, where the study was conducted.

The study was conducted among 1.6 million family homes from 2007 to 2012. All of the homes were in California .The study, entitled “The Value of Green Labels in the California Housing Market” said that a green home label of a home increase the value of the home by as much as 9%. The value is important not only for reselling purposes, but also for increasing the overall attractiveness of the community.

The report said that a green label can increase the value of a home by an average of $34,800 more than those that are not certified. This increase is even worth more than the resale value of a home that has had several improvements done to it.

Although price premiums vary from region to region, the general trend is that price premiums for green certification are higher in hotter areas. The reason pointed out is the importance of home cooling costs.

In areas where there is a higher percentage of hybrid vehicles, green home premiums are also higher. Obviously, this is because homeowners in such area have a higher awareness of green labels.

Nils Kok, a University of California, Berkeley professor has said that “in certain regions of the state, we observed a phenomenon we’ve termed the ‘Prius effect’ — a positive correlation between the value of green home labels and environmental ideology, as measured by the rate of hybrid registrations. In communities with strong environmental values, residents may see green homes as a point of pride or status symbol.”

This just goes to show that homeowners may want to not only ‘green’ their homes, but apply for certification as well. This way, you can be certain that high standards have been achieved.

Norsteel Buildings have attained a few of these high standards.

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