Study Finds Green Homes Sell $34,800 Higher in California
If sustainability and environmental responsibility weren’t enough persuasion, then cold hard cash in the form of home resale value may get homeowners to invest in green improvements. A new study finds California homes with green labels sell for $34,800, or nine percent, more than comparable homes without green certifications.
Researchers from UC-Berkley and UCLA examined the data on 1.6 million single family homes sold over the last five years in California.
Interesting points to the study include that residents with green label homes in hotter climates sell at higher prices, which may be indicative of the value of cheaper home cooling systems.
Source: Business Wire
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