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How Much Is Building ‘Green’ Worth to You?

July 6, 2016 2:25 am Published by Leave your thoughts

If you could save $1,000 each year on your total utility costs, how much more would you be willing to pay up front to purchase your next home?

According to a survey by the National Association of Home Builders (NAHB), home buyers, on average, are willing to spend an extra $10,700 to save $1,000 a year on their utility bills. An investment of that size would essentially pay for itself within 10 years—the maximum amount of payback time for energy-saving measures to still be considered “cost effective,” as defined by industry experts.

The responses indicate today’s home buyers are more interested in going green and saving on utilities than they were in years past, the last time we posed the question. At that time, the average amount buyers were willing to invest up front in efficiency came in at just slightly more than $7,000.

This home buyer preferences survey asked consumers to rank green features according to desirability. Some of the items included:

  • Energy-efficient appliances – Ninety percent of respondents specifically ranked ENERGY STAR appliances as either desirable or essential. The ENERGY STAR program has been around since 1992 and has spurred the development of countless energy- and cost-saving home appliances including washers and dryers, refrigerators and freezers, heating and cooling systems, lighting and windows, etc.
  • Above-code insulation – One of the most impactful ways to minimize energy consumption is to install optimal amounts of insulation during initial construction. Not only are heating and cooling costs reduced, but overall comfort is improved. In the NAHB survey, 81 percent of consumers rated above-code insulation essential or desirable.
  • Water-conserving features – Dual flush toilets and low-flow faucets and shower heads that promote water efficiency are very popular and rated essential or desirable by 72 percent of consumers. Tankless water heaters, which produce on-demand hot water and eliminate the costs of maintaining a tank of standby hot water, were also desirable green components, rated essential or desirable by 67 percent.
  • Solar-powered heating and cooling – Though ranked last among features listed in the green section of NAHB’s survey, solar elements were considered to be desirable or essential among 61 percent of respondents.

For a large number of consumers, investing in energy-efficient features for their home is a very big commitment. While most will say they desire energy efficiency, there is a limit to how much they are willing to pay for it.  Nearly half of the respondents to the survey indicated they would need to see their investment pay for itself within five years, which further emphasizes the demand for an even wider variety of products that offer energy efficiency at all price points.

To learn more about the latest green products and building techniques available to you, contact us www.collinsdesignbuild.com

 

 

Fox Hill Farm REALTOR Emilee Collins and Fox Hill Farm Builder Chad Collins

 

INNOVATIVE AND SUSTAINABLE HOMES SINCE 1997

Chad & Emilee Collins

An unlimited licensed general contractor as well as a licensed home inspector, custom home builder Chad Collins transforms clients’ dreams into elegant, fashionable, timeless homes while maintaining a reputation for skilled craftsmanship, superior quality, and incomparable client service. Collins Design-Build is consistently ranked by the Triangle Business Journal as one of the top custom home builders in the Triangle.

Chad’s commitment to excellence has earned Collins Design-Build numerous top industry awards, including the National Certified Green Professional Builder of the Year. The Durham, Orange & Chatham’s Builder of the Year, and twice awarded the coveted Triangle Sales and Marketing Council’s MAME Building Company of the Year. Chad is one of fewer than 50 Accredited Master Builders in the state of North Carolina.

From the outset of his career, Chad quickly impressed others with his professionalism, integrity, and astute operations management skills. While in high school and college, Chad worked part time with home improvement retailers and building material suppliers, which opened opportunities to work for regional and national home builders throughout much of the 1990s. Chad capitalized on these experiences with local and regional builders to acquire considerable industry knowledge and to forge strong relationships.

Earlier in his career, Chad served as a team leader to local and regional production home builders, distinguishing him by developing processes, tools, and quality-driven teams that improved ROI, cut annual costs, reduced project completion time, and decreased attrition. As a result, Chad advanced to increasingly through management positions. Evidence of his talent for coaching and leading teams is that some of the team members and craftsmen he developed over a decade ago continue to work with him to this day.

Following that success, Chad was recruited by a national builder opening operations in the Triangle, and he played an important role in helping the company establish operations with a market presence in the region. His efforts in closing just under $6,000,000 in custom homes in a single year earned Chad the 2001 Builder of the Year award.

Chad has earned the highest designations available, such as Accredited Master Builder, Master Certified Green Professional, and Aging-in-Place Specialist. Among other industry recognition’s, the company has received multiple Best Green Built Home STARS Awards, Major Renovation Awards and the coveted Parade of Homes GOLD Award.

Prior to being elected as the President of the Home Builders Association of Durham, Orange & Chatham Counties, serving over 600 members, Chad was nominated to a five-year term with the North Carolina Home Builders Association as regional vice president; serving the largest territory region in the nation.

Throughout his career, he has served on various boards of directors and has earned numerous top awards for membership recruitment from the Home Builders Association of Durham, Orange, and Chatham Counties; the North Carolina Home Builders Association; the National Association of Home Builders; the Triangle Community Coalition; and the Hillsborough/Orange County Chamber of Commerce.

Chad is honored to be an approved speaker for the National Association of Home Builders Chad has written and taught several courses on green building as well as project management to fellow builders across the Southern United States. He is also an instructor for Duke University’s OLLI Continuing Education Program, serving as the Aging-in-Place Specialist.

 

For more information and how Collins Design-Build may serve you please connect with us through the following:

  • Home Building/Remodeling/Additions/ Consultations:

Collins Design-Build, Inc.   www.collinsdesignbuild.com

  • To find a lot or land / Buy or sell existing Real Estate:

Emilee Collins, REALTOR  www.collinsdesignrealty.com

  • To learn more about Aging In Place or how to make your existing home accessible:

Planning Tomorrow  www.planningtomorrow.com

  • Have your existing home painted by our award winning professionals:

Acento Painting, LLC  www.acentopainting.com

Chad direct line 919-422-2818  | Chad’s Email chad@collinsdesignbuild.com

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This post was written by Chad Collins

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