Buying & Selling a “Green” Home – Foster City CA by Jaime Silva

What does it mean to build “green”?  This term is being used more and more today and its meaning is really rather confusing to most of us.  Is it building with special materials by reusing recycled material such has lumber?  Not using certain kinds of glues in building or manufacturing?  What about inside the house such as your heating or cooling system?  Can you go green there?  How about changing your flooring, windows, walls?  All of these can be considered “green” according to CalRecycle.

You can embrace a “green” lifestyle and learn about the latest projections pretty easily. “Green” remodeling is a growing trend in the real estate industry.  In fact, McGraw-Hill Companies, revealed last month that 17% of residential home building in 2011 was due to eco-friendly homes and upgrades. Rates here on the West Coast, in North Midwest, and New England have experienced even stronger growth.

This number is anticipated to continue to rise to five times that rate in the next five years with over 30% of “green” home building being forecasted for 2016.  Beyond 2016, builders believe that over 90% of their projects will be “green.”  Home buyers are seeking earth-friendly features in homes for sale, so home sellers and remodelers should take note of these statistics. Renovation work has also increased in recent years, most likely due to the shifting economy, and builders report that home remodels make up over 60% of their business, according to the recent McGraw-Hill study done in conjunction with National Association of Home Builders and Waste Management.

So, home owners and those looking for new homes with eco-friendly perks, have the “green” light!  Almost half of all US builders (46%) have begun marketing their “green” services and are becoming well-versed in determining the best needs and options for their clients.  As builders become more familiar with the processes involved with earth-friendly materials, consumer cost has decreased as well, making it a great time to upgrade your home whether you’re going to be living in it for a while or put it up for sale. The benefits of making these eco-friendly measures are huge.  They can include reducing energy costs, reduced waste, improve your health and productivity and give you a better quality of life, and the big one in my opinion, feeling you’re giving back to society for the greater good of all of us.

To get more information on the results of the Green Home Builders and Remodelers Study, click here.  And for more information about CalRecyle, go here.

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