Green House Building

[flip_it_fast]

Lots of people are turning to "green" home building in order to cut back on high utility costs. The problem with the green building though is that right now, it costs more to do than the value it adds to the property.

That actually suprises me because as we are becoming a more Earth-friendly world conscienciously, one would think that we'd be willing to pay more for it. I guess maybe thats not true because of the weak economy. Hopefully it's not a lasting trend.

Appraisals for newly built green homes do not fully reflect the cost of green technology, and the lower appraisal values mean buyers often cannot get the full financing they need from banks.
That discourages developers from using green technology, in turn diminishing the market for more green products.

I am sure I'd be willing to see a higher price in a home that has had green products invested in it. I guess it's just a matter of having the lenders and more buyers in general to see it that way.

[troubles74]

The thing about building green right now is that it is still a kind of new thing and prices are high for that still.It is a very good idea,but you will probably have to wait for a while so that the newness wares off and more people are getting into doing it,then the prices will start going down in that area.

With a bad economy right now probably isn't a very good time to go green with your house building,it will cost you money that you will not see a return on for quite a little while.

[homealone]

I know personally I would rather pay a bit more for a home that was built more green. To me that would be the better purchase and would help to save in the long run.

Though I guess there are alot of people who dont think this way, but maybe someday in the future they will.