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ROI on Green Home Improvements.
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December 10th, 2014
Green Home Improvements will add value to your home plus can give you a great Return On Investment (ROI). Along with that for home sellers green homes features will add to the selling power of a home compared to a standard home. According to studies green homes will sell for more money and will sell up to 1/3 fewer days than standard homes. (1) A new study involving large sample of homes sold in California between 2007 and early 2012 has documented that, holding all other variables constant, a green certification label on a house adds an average 9% to its selling value. (2)
The return or payback on the added cost of the green investments can be anywhere from under a year up to ten years but then the return on investment (ROI) can far outperforms CDs, saving accounts and sometimes even the stock market. For example installing a new high efficiency, variable speed, furnace/boiler will cost an average of $1,145 above that of a standard boiler/furnace but will give you about $300 of annual savings with a payback in 3.8 years and over 20 years a savings of $6,000.(3)
For further information regarding buying and selling homes in lower Fairfield County, Connecticut contact David Popoff at DMK Real Estate in Darien, Ct.