The Earth Advantage Institute has certified more than 12,000 green homes, so it’s safe to say they know what’s going on with green building. Towards the end of 2011, the non-profit spoke with various policymakers, builders, developers, architects, brokers, appraisers, lenders, and homeowners to understand green building trends. Here are the 10 green building trends EAI says to watch for in 2012, which we’ve paraphrased below:
Appraising a home is difficult work that’s made more difficult with the growing popularity of high-performance homes. Appraisers have access to training to learn how to better value energy-efficient homes, but a lot of what’s in the home is behind the drywall. Or may not be apparent with a site visit. Which is why I like this addendum created by the Sustainable Finance department of the Earth Advantage Institute.
In 2007, the Portland Regional Multiple Listing Service (“RMLS”) began tracking sales of homes with a green certification such as Energy Star, LEED for Homes, or Earth Advantage New Homes. The Earth Advantage Institute, an Oregon-based non-profit doing work in the green building sector, annually reviews this information in order to glean home valuation trends.
When you buy a house, there’s no clear way to know what you’re getting. There’s no miles per gallon sticker, as with cars, or nutrition label, as with foods. You’ll pay for an inspection and walk through the place any number of times, but you definitely can’t see through the walls. It’s strange that we allow ourselves to spend, or mortgage, so much with so little information.