Valuation of Green attributes

Profile picture for lorrainedamico
Please add a section about valuation and comps of green homes. Our total utility bill for the last month was $11, where as my neighbors bill nears $900. Comparing to conventional properties really drives the Zillow value down for my property.
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December 01 2011 - Lowhill Township
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Answers (2)

Profile picture for BobRealEstate

A home with low utility costs is a big positive for a buyer who is looking to manage the total cost of their housing over the long run. I would push the appraisal community to start better taking into account green homes such as yours which offer very low legacy and long running costs.

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December 07 2011
Profile picture for SoCal Appraiser
Valuation you speak of is not quantifiable on formal appraisals let alone Zestimates, so I wouldnt hold my breath. Way too many variables. Though once green homes are in demand as much as homes with other amentieis, such as pools, views, etc, a standard may one day be created. . . .

Good article on it here. . . .
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December 05 2011
 

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QuestionValuation of Green attributes
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