Hello again, Last time I blogged about Eco-friendly homes. This time I would like to touch base on the types of “Green-House” products and its’ value. One major contributions to homeowners is the reduction in the country’s energy usuage and helping to improve the environment. For instance, adding a more efficient, green heating and cooling system will help lower utility cost which you can easily expect the system to pay for itself over a few years. These heating/cooling systems average an extra $2000 over normal systems but save you the home owner an average of $500.00 per year.
Another item to consider for your “green house” would be Bamboo flooring which is a renewable plant and is not killed during harvesting. Bamboo unlike Wood is a harder more durable and longer lasting product.
When considering going green the homeowner needs to keep in mind that when they place their Eco-friendly home on the market a new buyer may not consider these amenities a value thus not pay for these extras.
As the world shifts toward different eco-friendly amenities it will also help to establish a value for these products. Are these products considered “Value in use” or Value in Exchange”? Basically does it make a contribution to the market?
For Appraisers who estimate a homes Value in Exchange only this is based on what consumers are willing to pay for a certain amenity.
For Lenders under the current system accepting Green Homes can be of deep concerns. Most lenders make money when the loan is put together and then they bundle them up to sell. Green homes are not widely used yet therefore they are not in conformity with other standard type of home loans.
In time these Green homes will become more familiar to consumers and become more acceptable by builders, lenders, and appraisers.
Talk to you soon and let me know your thoughts at www.pattimace.com (http://www NULL.pattimace NULL.com).
p.s…another product to look into is Photovoltaic solar electric systems.