Green Building & Sustainable Development
Regional MLS Forms Soon to Identify New Homes with Energy Efficient & Green Certifications
As rising energy costs and global warming concerns impel more consumers to make money-saving and green choices, home buyers in Oregon and Southwest Washington soon will be able to shop specifically for energy-efficient and green home features.
Oregon's Regional Multiple Listing Service (RMLS) Board of Directors recently agreed to expand its database to include information on energy-efficient and green home features by spring of 2007, making this region one of the few in the nation where this service is available.
RMLS(TM) forms will soon include:
- Home performance and green home certifications such as ENERGY STAR, Earth Advantage, LEED For Homes and others
- High-efficiency 90 AFUE furnaces
- ENERGY STAR appliances
- Source of electrical power, including specific utility service and solar features
- Additional home modifications, including sustainable materials, water filters, rain collectors and solar tubes
"Green and energy-efficient features have emerged as some of the most important and sought-after by buyers in our RMLS service area," said RMLS CEO Beth Murphy. "With the help of their REALTORS, homebuyers now will be able to pinpoint homes with those features."
Given the rising popularity and significant benefits of energy-efficient and green home features, these new RMLS capabilities will formalize the additional value these features bring to a home. In particular, potential buyers will be able to easily identify homes that incorporate a comprehensive suite of energy-efficient and green features that are third-part certified to save energy, money and natural resources.
Everyone involved in real estate transactions will benefit from the RMLS additions, including home buyers, builders of new homes, sellers of existing homes, real estate agents and appraisers.
- Home buyers, 78 percent of whom say they would choose one home over another based on its energy efficiency, will be able to search for homes with lower energy costs and environmental impact. Four out of five of the same home buyers recognize the value of the ENERGY STAR label and 67 percent of them recognize the Earth Advantage brand.
- Home builders, nine of 10 saying they incorporate energy-saving products or features into new homes, will be able to differentiate themselves from the competition at a time when the market is cooling. According to a recent survey by the National Association of Home Builders (NAHB), 64 percent of home builders will either be heavily or moderately involved nationally in green building projects.
- Home sellers, who have invested money into energy-saving and sustainability features, can better promote their home's higher resale value.
- Real estate agents have new ways to better meet their clients' needs whether representing the buyer or seller. Seventy-five percent of those consumers that have used a realtor in the past confirmed that they would turn to a "green" realtor if there was a mechanism for searching and tracking homes built to energy efficient and green building measures.
- Appraisers will grow in their ability to incorporate energy-efficient and green home features into a home's appraised value.
This decision from the RMLS
Board of Directors came in response to a proposal spearheaded by Meadows Group, Inc.'s Kria Lacher, who is a certified EcoBroker and markets herself as "Portland's Green Realtor," and supported by a consortium of well-known and trusted organizations, including ENERGY STAR Homes Northwest
, Earth Advantage, Inc.
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