Being kind to the environment is becoming increasingly important to people. That includes consumers who are looking to buy a home. So, what does the future of green homes look like? According to a recent study, the future for green real estate is looking bright.
The study, Green and Healthier Homes: Engaging Consumers of All Ages in Sustainable Living SmartMarket Report, was conducted by Dodge Data & Analytics in partnership with the National Association of Home Builders (NAHB) and Ply Gem Industries, a manufacturer of exterior building products in North America.
The study included the following findings:
- 54 percent of homebuilders are currently constructing at least 16 percent of their new homes green, and 39 percent of remodelers report that at least 16 percent of their remodeling projects are green.
- By 2020, 81 percent of home builders will be constructing that level of green, with 51 percent building at least 60 percent of their new homes green.
“Builders and remodelers have long recognized that green is the future of home building,” says NAHB Chairman Tom Woods. “Since we first began partnering on this study with Dodge Data & Analytics in 2006, we’ve seen that commitment grow. The study’s recent findings reinforce this continued growth, with new homeowner feedback showing a desire and expectation that new homes be high performing, particularly when it comes to energy conservation. Most builders recognize that they need to be at least conversant in green to stay competitive.”
The future of green homes is looking so good because environmentally friendly homes are also healthier. 84 percent of the builders surveyed predicted that homebuyers would spend more to be in a healthier home. Using renewable energy is also cost efficient, making green homes more desirable.
“We have seen the commercial sector of the construction industry focus on the impact of buildings on the health of their occupants in the last few years, but these findings suggest that attention to healthier homes may offer an even higher gain for green in the residential market,” said Steve Jones, Senior Director of Industry Insights at Dodge Data & Analytics.
It’s a great sign for the real estate market and the Earth that the future of green homes is positive. If you want to explore environmentally friendly homes in Miami, contact us at RE/MAX Paradise today.