California homeowners who add insulation, upgrade to more efficient water heaters and make other energy- and water-saving improvements could add as much as 12% to the value of their homes when they are certified as green by the Energy Star, GreenPoint Rated or LEED for Homes programs, according to a study released Thursday.
The "Value of Green Labels in the California Housing Market" study found that a typical California home valued at $400,000 sells for an average of 8.7%, or $34,800, more when it has a green label.
The study was conducted by researchers with UC Berkeley and UCLA who hoped to answer the question: Does the investment in an energy-efficient home pay off during resale? The short answer is yes.
Source: Latimes.com
Source: http://shermanoaksrealestateexpert.blogspot.com/2012/08/green-labels-add-value-to-california.html
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