[Greenbuilding] Green real estate market

[wmdorsett at sbcglobal.net]

Steve, I just paid the bill on blowing cellulose into the side walls and
attic of an old house we are remodeling: cost $395. I did the work myself
but this is still less than the cost of one new window and will pay for
itself in perhaps a year in heating and cooling savings as well as make the
house vastly more livable and therefore more sellable.

Bill Dorsett
Sunwrights
Manhattan, KS

----- Original Message -----
From: Steve Tripp <progressivepenguin at gmail.com>
To: <Greenbuilding at listserv.repp.org>
Sent: Tuesday, January 09, 2007 2:44 PM
Subject: [Greenbuilding] Green real estate market


> I'm new to the list and have done some searching through the archives, but
> have not seen a discussion regarding resale value of green homes.
>
> My wife and I are remodeling and hope to make our home as weather tight as
> possible as well as use recycled and sustainable materials wherever
> possible.  We do not plan on selling the house anytime soon, but I wanted
to
> find out if our planned improvements would increase the market value.  I
was
> told that geothermal heating-cooling systems will add 1/4 of its cost to
the
> value of the house and that quality weather tight windows and doors will
not
> add enough to the value of a home to make them worthwhile.
>
> We still plan to make the changes we want, but now am wondering what kind
of
> uphill battle I may have with the bank if I cannot show that we are adding
> more to the value of the home.
>
> Do green homes sell?
>
> Thanks in advance for any insight you may provide.
> Steve Tripp
>
> --
> Do not pray for easy lives. Pray to be stronger men.
>
> John F. Kennedy (1917-1963)
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