Monday, June 15, 2009

"Built Green'' homes grew in value in last two years

Hennessy Green ExteriorImage by Polygon Homes via Flickr

The Seattle Times reports that "Built Green" Homes grew in value over the past two years.
"Built Green" is a program of the Master Builders Association of King and Snohomish Counties that provides certification for new homes with environmentally friendly features.

The average sale price of town houses within Seattle built after 2003 and certified as "Built Green" was up 1 percent in 2007 and 8 percent during the first eight months of 2008, according to the report. In contrast, it says, the average sale price of Seattle town houses of similar vintage without the certification slipped 5 percent in 2007 and 4 percent through August 2008.

Some builders maintain buyers won't pay more for green construction, said Aaron Adelstein, Built Green's executive director.

"We in the green-building movement have always felt that to be wrong," he said. Now we have some data that supports that."

Thanks to Katy Tomasulo at EcoHome Magazine for the link.

Real Estate | "Built Green'' homes grew in value in last two years | Seattle Times Newspaper
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