Princeton Town Topics â€“ Letâ€™s Talk Real Estate â€“ October 10, 2012
GREEN HOME BUILDING ON THE RISE
In spite of the rather sluggish home building market in general, â€œgreenâ€ home construction and remodeling is growing dramatically. According to the latest National Association of Home Builderâ€™s â€œHome Builders and Remodelers Studyâ€, 17% of residential construction was green last year and is expected to increase to 38% by 2016. There was an even bigger increase in home remodeling. Many home builders have shifted their focus to remodeling homes because of the drop in housing starts since 2008. 34% of remodelers surveyed expect to be going all green by 2016. Thatâ€™s a big jump from 8% last year. This year, 90% of the builders surveyed said that they already incorporate green and energy efficient features into their work.
This eco-friendly trend is a good indication of where the housing market is heading. Energy efficiency and green features are moving to the top of home buyersâ€™ lists. So home sellers should consult their REALTORSÂ® about which â€œgreenâ€ upgrades will give their property a real competitive edge.