For those of you who intend to be eco-friendly with your purchases of real estate and/or repairs to your property, make inquiries directed toward your lender as to whether there are economic benefits for such choices.
Citigroup, Bank of America and J.P. Morgan, to name a few, offer closing credits for energy efficient properties under certain programs. Many of these programs predicate the benefits on meeting criteria set by the governments Energy Star program. Further, these programs often allow a borrower more lending power as projected savings are added into the loan amount through a variety of formulas. (source: WSJ 09/12/07, pg D1)
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I have done the energy star program on over 45 homes in the metro boston area and cape cod. After surveying the new home owners 6 months after they moved in, we found that only 8% of people would be willing to pay Extra for a green building product.
Pending on the level of residential green building you should expect any where fron a 20% -40% increase in construction cost.
There are many more benefits to building commercial space green or "Leeds certified"
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