The Cost of Green Real Estate

Picture of Author: Rich Barnhart

Author: Rich Barnhart

Lets get one thing straight. We are all for saving the environment and at By The Sea Realty we do our best to run a “Green” business:

But lets be honest, the real estate business is tough enough right now and homeowners are already absorbing significant losses when selling their homes. Should there really be a government mandated energy inspection done of your home when you sell? If so, should the homeowner really be responsible for the cost of the inspection and the resulting mandatory repairs? If you can somehow get through the Michael Jackson media coverage to the real news you’ll find that the House of Representatives recently passed a “Cap and Trade” bill that includes these provisions! Has green gone too far?

What you can do…
The good news is that it is not too late. This bill still needs to get through the Senate, but lets not assume they are smarter than their counterparts in the House. Write, email or call your Senator and let them know that this is not the right time to be imposing additional expenses on already distressed homeowners. Forcing homeowners to comply with these regulations will either cause them to not sell their home or increase the price of their home to cover the expenses. Either way, the housing market will suffer and everyone knows that if the housing market doesn’t recover, neither does the economy.

Once again, we are all for saving energy and the environment, and for homeowners who can afford to make green improvements to their property, more power to them. We are just not there yet, and the cost doesn’t make economic sense for most homeowners right now. Nice try Representatives, but you’ve gone too far.

Blog Author:

Rich Barnhart

Rich is the broker and owner of By The Sea Realty and a frequent contributor to the company's real estate blog.

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