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Going Green in California : Real Estate Advice

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Activity 28
Thu Jan 31, 2013
FHA 203k Mortgage Lender answered:
Yes, there are EEM (Energy Efficient Mortgages) and FHA 203k loans that can used for green improvements with some lenders offering both options.

You can contact one of the lenders at the web reference below for more information. ... more
0 votes 4 answers Share Flag
Fri Sep 14, 2012
Steffan Blaser answered:
They are pretty rare indeed. There was 1 that sold on Potters Ravine that was off the grid many months ago. There is an REO off the grid for sale now up towards Forbestown but has not sold yet. If you would send me yer email I will forward those to you if you like :) ... more
0 votes 3 answers Share Flag
Wed Oct 14, 2015
Kelly Pessis answered:
Great question. I have only sold homes that have "owned" systems. I have to be honest with you:(and I am in the land of nature loving tree hugger) a solar system is nice, but in a high dollar market, it is not going to make that much difference when attracting a buyer. I own a system on ,y personal home and I sing its praises, but a 20K-30K system does not get you the same return as that same money put in a remodeled kitchen - just say'n.

We did not "lease" for the issues of maintenance, ambiguous repair and insurance loss issues and my guess is that it would be a complication to have a lease that must be assumed on a system. If you are doing it for yourself and are not planning on selling - go for it. If you want to sell down the line, buy the system and finance it if you must. My opinion for what it is worth!
... more
0 votes 2 answers Share Flag
Tue Apr 14, 2015
Eric H. Wong answered:
Tankless is not always the best and most efficient choice. If you want to be more green, but you also want to save some money, you might look into the newest generation of super-insulated water heaters. They retain 90+% of the heat, and they give tankless water heaters a real run for the money. When you add in the fact that they can be a few thousand dollars cheaper to install, the newst tank water heaters are worth a look.

Good luck
... more
0 votes 21 answers Share Flag
Wed Jul 18, 2012
Gregory Karr answered:
Making a home greener does not necessarily mean only adding improvements like solar and energy efficient appliances, caulking and sealing. You may want to start by removing toxic items such as paint, insulation, and asbestos. Keep up the good work. ... more
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Sat May 19, 2012
Saundra Allman asked:
I have attended several! They are always very good. I was in San Francisco yesterday attending a Selling Efficiency, a Primer for Vendors and Service Providers with Hands on Workshop a...
0 votes 0 Answers Share Flag
Wed May 16, 2012
Irina Karan answered:
Hello Kim,

Going green!

Check out this link http://www.clean-energy-ideas.com/articles/pros_and_cons_of_solar_energy.html
For a more specific info, it's good to be in touch with CA Energy Department.
This is what I found on their site re. colar energy:
http://www.gosolarcalifornia.org/

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 5 answers Share Flag
Fri Dec 13, 2013
Janey Bishop answered:
I just had solar installed at my residence and went online approx 2 weeks ago. I am doing a lease and got a great package. I was referred by a family friend who is a retired electrical engineer. I would be happy to tell you about it.

janey@janeybishop.com
... more
0 votes 3 answers Share Flag
Wed Sep 3, 2014
Mitchell Pearce answered:
Someone 200:

I am unaware of a state wide regulation or law concerning this subject. However, many cities and towns have ordinances governing tree placement, planting, growing, and cutting. Some also have "view shed" ordinances. Your plantings may run afoul of a view shed ordinance, if Palo Alto has one. I suggest you ask your question of the Palo Alto Planning office. They will know..

Mitchell Pearce
408-639-0211
mitchell@handsonrealtor.com
... more
0 votes 5 answers Share Flag
Fri Jan 20, 2012
Brian Ripp answered:
Hi Tamara,

MLS records show:
1/19/2011 sold: $309,000
6/16/2006 sold: $595,000

Tax records show:
4/8/2011 sold: $315,000

That's the best I can do at this point.
Hope that helps,
Brian
... more
0 votes 2 answers Share Flag
Tue Nov 29, 2011
Ron Thomas answered:
I don't want to rain on your parade, but;
we've had seminars about this lately:
The consensus is that a lot of people talk about going green, but when it comes to putting up the money, they back down.
The situation is that Solar only returns about 50% of the investment at reasle time.
It is a fact that in the long term, it is a good investment for the Homeowner;
But is wouldn't advise my client to do it just before selling.
But, please get more input.

Good luck and may God bless
... more
0 votes 10 answers Share Flag
Wed Dec 14, 2011
Etchart Real Estate Consulting Group answered:
Truly, it is too soon to tell. My gut and experience say that for now and until market ploriferation they would be treated about the same as swimming pools are. That is, in certain markets they would add value, but seldom add enough value to justify installing one and that in other markets they might even detract from value.

Vicktor Etchart MPh.D.
Etchart Real Estate Consulting Group
Clovis/Fresno CA
(559)681-8976
... more
0 votes 10 answers Share Flag
Thu Apr 18, 2013
Dan Tabit answered:
Sa,
In a gated community there is likely a home owners association which would govern any major changes to the visible exterior of a home. I would start there and find out if this could even be approved before you invest any serious time or money into it.
Next, if they would permit the panels, I wouldn't count on resale but the payback you might receive during your stay in the home. For example, if the energy produced would return your investment in 3-5 years, it might make sense. If it's a 10 year period or more, with your stated history it might not make sense.
Part of gated communities’ attraction to many buyers is uniformity. If you are one of the few homes with these panels on the roof, it could actually hurt resale if the system is not more broadly accepted in the market by then. Tread carefully and don't believe all the hype from the salespeople.
... more
0 votes 21 answers Share Flag
Thu Mar 24, 2011
Jodi Selene answered:
I'm working with a buyer who is obtaining an EEM with her FHA mortgage. So far, it's going smoothly and my client is planning on upgrading windows, adding insulation and getting a new, energy efficient heater, It's a great way to go with a house that needs some fixing up anyway! Just make sure you have a loan agent who is versed in it, as they will be the main contact on the mortgage. ... more
0 votes 1 answer Share Flag
Mon Dec 12, 2011
Curt Schultz, REALTOR and Architect answered:
Each method has it's positives, personally I like that is is a natural chemical which is known and safe. With any method you use you will need to followup and retreat as needed. If it kills the termites when used it has done it's job!

Curt V. Schultz, REALTOR-Architect
... more
0 votes 8 answers Share Flag
Tue Jun 8, 2010
Fred Glick answered:
There are many studies out there, but it depends what your neighbors do.

If you have the same house as everyone else and you are the only one with the panels, you should see a nice bump in the value of your place because the cost to operate would be so much less.

That also helps more buyers to qualify because it would be an energy efficient home.

What values will actually be when it's time to sell, no one knows.

So, do it if it makes sense for you financially now and hope your neighbors don't try to play keep up with the Jones'!

Fred Glick
... more
0 votes 9 answers Share Flag
Sat Mar 13, 2010
Randy Elliott answered:
Ggirl,

I'm curious why you keep asking this same question over and over??? It's been answered over a dozen times for you here on Trulia in the last week alone.

See previous answers here: http://bit.ly/ajOz8f and: http://bit.ly/8XxZ95 http://bit.ly/aVBUOV ... more
0 votes 1 answer Share Flag
Mon Dec 12, 2011
Monique & Joe Carrabba answered:
Hello Anthony,

I had a buyer mention this Cash for Caulking to me the other day. Also called HomeStar it appears details will be out on it in the next couple of weeks.

Here is a quote from a site called cashforcaulking.org that offers some helpful info:
While some details still need to be worked out and finalized, the current version of the plan features a list of 10 projects like the above listed ones, and homeowners could be eligible for up to $2,000 in incentives if they did two projects, or eligible for $3,500 in incentives if they do four or more (although the government money can’t be used to pay for more than 50% of the total costs of the projects).

For homeowner looking to tackle bigger projects, households that complete a project that reduce their total energy consumption by 20% or more could be eligible for a $4,000 subsidy (again, with the government money paying for up to 50% of the total project cost).

Under the most recent version of the Cash for Caulkers plan, homeowners could be eligible for a maxium total of $12,000 in incentives, if they took advantage of all of the possible savings.


Best,

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
mcarrabba@kw.com
(323) 899-2900
... more
0 votes 3 answers Share Flag
Tue Jan 19, 2010
Dorene Slavitz answered:
Hello B.
You can see all properties for sale in that general area from my website below. No obligation or cost.
0 votes 2 answers Share Flag
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