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Increased Comfort
- Green homes
subscribe to whole-house design
principles that not only make them more
comfortable, but healthier and safer,
too. Better insulation, air sealing,
indoor air quality, and lighting are
just a few of the reasons why this is
true.
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Mortgage Savings
- Preferential mortgage
rates are available locally in some
markets depending on local lender
interest. Wells Fargo Home Mortgage
offers an Energy Efficient Mortgage
(EEM), which supports the design,
construction, and operation of more
energy efficient homes. This requires an
energy rating to determine the estimated
level of savings.
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Lower Utility Bills
- Consumers enjoy
the savings gained from lower utility
bills. Green building, at any level,
typically requires energy efficiency
above code levels and, while programs
vary, this is the most heavily weighted
factor. (The NAHB Model Green
Homebuilding Guidelines have specified
mandatory requirements for energy
efficiency).
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Personal Satisfaction
- For many
homeowners, there is an element of
satisfaction that comes from “doing the
right thing.” Green building is good for
the environment, good for people, and
good for the future. Consumers can feel
good about doing their part to care for
the world they live in.
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Increased Value - A green home offers
greater durability and energy
efficiency, which increase both the
initial appraised value of the home and,
to an even greater extent, the resale
value. While currently these may not be
realized without an educational effort
directed to appraisers, lenders, and the
real estate community, these features
can offer real value to the consumer.
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Reduced Maintenance and Repair Costs
-
Green homes incorporate building
materials and construction detailing
that strives to increase the useful life
of the individual components, as well as
the whole house. Longer-lived materials
not only reduce impact on resources
required for replacement, but also
reduce maintenance and repair costs. For
example, a green condominium, with
emphasis on resource efficiency and
increased durability, might have a lower
Homeowner Association reserve
requirement for replacement and
maintenance costs.
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