Friday, July 25, 2008

LEED the way


McGraw-Hill Construction surveyed a representative sample of one million U.S. households (equating to three million consumers) to find those individuals who had purchased LEED certified and other green homes over the last three years and question them about their attitudes. The vast majority (83 percent) said their new homes will lower operating costs; lower energy bills within the first year after purchase (79 percent); and also lower water bills within the first year after purchase (68 percent).

Going green was the top reason cited by survey respondents for remodeling their home. Environmental benefits such as lower energy costs and healthier air were identified by 42 percent of respondents as their main reason for home improvements; 34 percent cited increased comfort; only 24 percent said improved appearance was their main benefit from remodeling.

Other key findings of the McGraw-Hill Construction survey include:

70 percent of buyers are either more or much more inclined to purchase a green home over a conventional home in down housing market.

More than half (56 percent) of those surveyed who have bought green homes earn less than $75,000 per year; 29 percent earn less than $50,000.

Overall, lower income buyers say they found tax credits and government programs, indoor air quality benefits and green certifications to be the most important incentives for them to buy green homes.

Making homes greener is now the number one reason for home improvement (42 percent) over remodeling for comfort reasons (34 percent) or to improve appearance (24 percent).

Almost half (44 percent) of homes renovated between 2005 and 2007 used products chosen for their green attributes. Your comment?

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