This isn't really news to those of us who predicted it. But, even on second glance, taking another look at ordinary "non-green" buildings as compared to nearby " green" buildings, still ignites a broad smile on the faces of both REALTORS® and our clients/investors. . What generates that reaction and is $$$$weeeeet Music to my ears ?
Add it up and tell me if it sounds good to you. . ..
Savings in energy costs.
Savings in $$$s.
1.Green buildings have higher occupancy rates, and added ROI.
- 2. Green buildings have lower variability in occupancy and added ROI.
- 3. Green buildings are higher quality - 79% are class A compared to 35% in comparison buildings. This adds up in $$$.
- 4. Green buildings tend to have more on-site amenities such as retail shops, mail rooms, and exercise facilities. This adds up not only in quality of life, but in financial gains.
As a 1031 investor, adding this all up, I might be inclined to "listen up". . .but what about the background research?
Certainly green building concepts have changed the way we design, construct, operate and generally, think, about buildings and communities. But up until recently there has been no definitive study of the doing well by doing good "value-added factor"...
Latest Research: We're Moving into some " SSS weet Music" in Green Office Buildings.
In a newly released working paper authors John Quigley, Piet Eichholtz, and Nils Kok discuss the economic value of green building certification in the commercial sector. They matched publicly available information on 694 certified green buildings. According to the research, the authors deduced that " at a generalized cap rate of 6%, conversion of a non-green building to an equivalent green building would add more than $5 million in market value."
" Is this the elusive 'value-added' factor"?, I wondered Possibly. So. I began delving into more researchvia the WWW and the UNCA Library. What I have came up with is that this study, along with a good review of other literature and case studies, finds that not only are green buildings good for the environment, provide healthier places to live and more productive places to work, but that they can command higher rents and prices, attract tenants more quickly, reduce tenant turnover and cost less to operate and maintain. Care to do a quick perusal?
Jetson Green a daily updated web magazine that's obsessed with green building, sustainable architecture, good design, clean technology in the built environment, and eco-friendly development. I subscribe to this Ezine. You may enjoy it, too.
GreenBuilding.com There are tons of green building ideas on this page. While they my not be for complete, they are interesting and I think, relevant, especially if you are interested in combating today's increasing energy costs and raising the value of your home.
Green Construction Purchasing and the GPC Wire offering the latest news on topics such as:
Green extends to blacktop 08/14/08
Kirsch Center wins LEED Platinum 08/13/08
Green neighborhood development debuts in Omaha 08/11/08
Newsom signs groundbreaking green building ordinance 08/11/08
Looking to score some LEED points? 08/11/08
Peet's Coffee & Tea earns LEED Gold for coffee roasting facility 08/06/08
A green station for the folks in blue 08/06/08
NSF earns LEED Silver certification 08/04/08
Las Vegas bets on environmentalism 08/04/08
US DEPARTMENT OF ENERGY: Building America: NAHB Green Home Building Guidelines . The NAHB Green Home Building Guidelines, consisting of a Checklist and a User ... value is accomplished by way of consensus among the members of the green home ...
Let me know what you think. . .
Read a l.ocal expert's news about mountain and valley neighborhoods, day trips, picnics,
and local ecotourist attractions you'll just love. /\ Check THIS out /\ Curious about green building, remodeling and green communities ? Subscribe to Greenolina's "Green Wheels" BLOG.
WE are IN a sustainable world.
Your Home for Today and Tomorrow- Smart UP-Fitting
GO HERE - for Tips & Talking Points.
Home Decorating, New Space Design
"Helpful starting points for talking about and designing
a functional and BEAUTIFUL lifelong home."
Asheville NC Real Estate Journal for RESOPURCES & REFERRALS -Mountain Homes and Land Legacies- Asheville 1031 Realty© 2014. Designations: NAR GREEN®, EcoBroker®, Eco Certified ®Real Estate Consultant, ePRO®. Unauthorized reproduction of any information including photos and graphics on this site is a violation of existing copyright laws. All rights reserved.
he Necessary Disclaimer! We disclaim liability for damages or losses, direct or indirect that may result from use of or reliance on, information contained in the blog or for accuracy of comments or opinions of visitors to our blogs.
* INFORMED CHOICES* THOUGHTFUL ADVICE* DATA INTERPRETATION*
-Tell us what is most important to you-
Email me janeAnne@janeAnne.com or give a call at: 828-776-0779