Here is a greatÂ articleÂ on what is up and coming for Green Building. Â It is a great idea to introduce measurable attributes into homes that both builders and buyers can track the performance of their home. Â Much like the geothermal study Belman Homes did, the best way to truly understand and appreciate all the new technology out there is to track it and show actual results. Â Window stickers showing performance of the green features is a great idea to provide consumers the information they need. Â Net zero houses give home owners the peace of mind that future rising utility costs will not haunt them. Â Water conservation need are surely going to rise as the quality and supply in our areas dwindle.
I disagree with the notion that Banks and Lenders are buying into green features in a home. Â To this point we have seen little to no value adjustments for green and sustainable features on homes. Â Part of this is a function of the appraisal process. Â There simply are not comparables for all the new green amenities. Â Since appraisers are so set on only what the comparables say the current process is flawed. Â Appraisers are not given the leeway to use actual or projected savings in their valuation process. Â Hopefully over time this will change as green features and certifications work their way into our Metro Milwaukee MLS system, something Metropolitan Builders Association's Green Council have been working on. Â Still it is going to take time to build those comparables and see if ultimately the consumer is willing to pay for these features. Â Until this process is fixed it will restrict many of the green home building technologies and features to a select group of highly qualified buyers.