X

Green Homes Gain Heat in Cool Housing Market

Buyers willing to pay for eco-upgrades, survey says
By Matt Cantor,  Newser Staff
Posted Mar 9, 2008 7:55 PM CDT

(Newser) – Eco-friendly homebuilders are faring well despite the plunging US housing market, Newsweek reports. With home sales at a 15-year low, a national survey showed that buyers last year were ready to spend an extra $8,964 on a home that cuts utility bills. "It's taken almost as a fait accompli that green building is where the market is headed," a pro-green advocate said.

story continues below

Green upgrades like improved insulation and safer paints don't bust the budget, either. A $40,000 photovoltaic solar system may be pricey—twice the cost of a usual heating and cooling system—but one homebuyer says it can pay for itself in 6 years. "People know it's good for their pocketbook, they know it's good for the environment, and they like the badge,” one builder says. (Read more green building stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X