Thursday, November 5, 2009

1 in 3 Homeowners Willing to Spend $5,000+ in Green Improvements to Increase a Home’s Appeal to Potential Buyers

Click here to read the full article or read my "cliff notes" summary below:

"Despite “cost” being singled out by 36 percent of respondents as the greatest impediment to going green, half of those surveyed have paid more money for an energy efficient product in the past 12 months"

"One in three homeowners (30%) claim they would be willing to spend $5,000 or more on green improvements to increase a home’s appeal to potential buyers"

“As their environmental awareness grows, American homeowners are beginning to take action on green issues and are willing to spend their money accordingly”

"Homeowners are identifying greater value in green and when the time comes to sell their homes, they will look to convert high consumer awareness levels on the green issue into a market differentiator”

"When preparing to buy or sell a home, more than half of those surveyed (51%) believe in the importance of working with a green certified real estate agent ― professionals who can assist in the identification and marketing of homes with high green quotient. This would include knowledge in regards to housing materials and construction, energy efficient appliances and systems, as well as the impact of landscaping on a home’s environmental footprint"

"In the cities of Hartford, Conn., Greenville, S.C., and San Francisco, two out of three respondents indicated that working with a green agent would be important"

"Some of the other factors keeping survey respondents from being greener included convenience (22%), lack of knowledge on how to (18%) and lack of time (17%). However, many consumers reported engaging in “eco-friendly” or “green” acts in the past six months, including recycling (73%), replacing incandescent lights with CFLs (69%), conserving water (57%), adjusting the thermostat (51%) and purchasing energy efficient appliances (30%)"

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Kate McCaffrey

Realtor | Certified Green Building Professional
Alameda Real Estate Specialist
5th Generation Alamedan
Alameda Small Business Owner
(McCaffrey Custom Construction, Inc.)
Licensed Real Estate Professional Since 2002
CA DRE LIC# 01355206

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