Green Labeling of Homes Adds to Value

MHProNews has learned from azstarnet study by researchers at UCLA in California have determined that after studying 1.6 million homes sold in California from 2007 to early 2012, all other variables constant, a green certification label on a house adds nine percent to its selling value. In areas where there are a significant number of hybrid automobiles registered, buyers are willing to pay more for green-certified homes. While the study found no correlation between utility rates and consumers’ willingness to pay a premium for green homes, it did find people in the warmer areas of California willing to pay for more for green-rated property.

(Image credit: construtech)

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