Sign up with your support today! - http://energycenter.org/mls
SDGBC Residential Green Building Committee volunteers have been committed to 'greening the MLS' for some time, and most recently some have joined the CSE-led local effort to produce a formal list of suggestions for Sandicor (San Diego's regional association of realtors). A formal presentation to STUG (Sandicor Technical User's Group) is scheduled for Wednesday July 28th, to detail the suggested data points, their implementation, and their importance. Check out the suggested list of values and sign your support here: http://energycenter.org/mls
How do we value a green home? This is a simple question with a complex response. We know there are benefits to strategies like daylighting, low-water and low-energy fixtures, rated appliances, good insulation, healthy materials, etc. For some, a cost-benefit analysis can be completed, for others it's hard to value long-term benefits to health. Either way, we'll pay for what we value in our homes. What makes this so complex then, is at time of sale - how do we convey the whole-house value to prospective buyers?
San Diego’s property valuation service, the Multiple Listing Service (MLS) currently appraises homes based on a variety of features including location, home size, and amenities. What is missing – and is currently being debated – is the addition of home water and energy efficiency in the MLS.
While currently not a field, the addition of both water and energy efficiency in pricing homes only has positive effects on the market for both owners and sellers. More efficient systems lead to higher demand of these properties, resulting in a higher valuation. According to UCLA and UC Berkeley, homes certified or labeled as ENERGYSTAR, LEED for homes or GreenPoint sell for nine percent more that comparable homes; a substantial amount and one of importance for appraisers.
Including water and energy efficiency fields in MLS allows prospective buyers to tailor their home buying experience to precisely what they want in today’s market. According to NAR’s 2014 Profile of Home Buyers and Sellers, 86% of buyers greatly value the property’s heating and cooling costs. These buyers – the vast majority of all buyers – should have the ability to easily make informed choices with these criteria as a major factor.
Furthermore, reducing ones impact on the environment while living in a sustainable home should be a source of pride for San Diegans and homeowners. Incorporating energy and water efficiency fields in MLS will empower future owners and appraisers with making important decisions in the home buying process.
Look for more information and show your support here: http://energycenter.org/mls (the group will present this formally to Sandicor on July 29th, any signatures before then will help deliver this important message!)