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Green CA Homes Have Higher Value

By   /  September 13, 2012  /  No Comments

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A relatively recent (I was on vacation in July, OK?!!) California study by Nils Kok and Matthew Kahn, The Value of Green Labels in the California Housing Market, shows that green-certified homes have higher value than their non-certified counterparts — a 9 percent premium, in fact. Citing this study, Rona Fried in ThinkProgress notes, “The average sales price of a non-certified California home is $400,000. Green certification raises the price by more than $34,800.” Nothing to sneeze about, and excellent news for those who have been struggling with the barrier to getting green homes fairly appraised.

One such champion is Debra Little, a home performance consultant with an appraising background. Debra directed a recent valuation study of three existing homes located in Los Angeles. The study results indicate that the energy upgrades in these cases added 6-9% to the homes’ current market value. Progress is being made!

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About the author

green building consultant; owner/founder, Design AVEnues LLC

Ann V. Edminster, M. Arch., LEED AP, is a leading green building consultant, speaker, teacher, and author. Her recent work and award-winning book, Energy Free: Homes for a Small Planet, focus on net-zero energy homes. Ann has taught for groups including AIA, USGBC, Pacific Gas & Electric, and Southern California Edison. Ann’s consulting clients include major builders, software companies, design firms, developers, public agencies, utilities, investors, and homeowners. She has held key roles on numerous award-winning residential projects of all types.

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