Do green homes truly hold their value better than traditionally built homes? Are there any studies proving this?
We are considering whether to build green. Although we really like the idea, we can't seem to justify the cost. Some factual information would be a huge help.
The first thing to keep in mind is that there are various shades of green, so you can build a basic green home for no additional cost.
To build a high-performance home that exceeds Energy Star standards can be done at a pretty low cost -- maybe only 2% more. I do not know of any studies, but a highly efficient green home should hold its value better and save you money over the years in less maintenance costs and lower utility bills. As energy costs begin to rise, your investment will pay you back even faster.
There are elements that you can incorporate into your home now to make it easier to add more green features down the road as some of the costs come down.
There are, of course, some trade-offs as well -- save some money on finishes and invest those dollars in the thermal envelope and HVAC system.
For more information:
You should also read Polly Osborne's Ask A Pro Q&A, "How much does green construction add to the cost of a new home?"