Could Green Homes Enliven A Sluggish Housing Market?

It's an interesting question at an interesting time. Across the nation a green building and green remodeling trend is on the rise while the real estate market, wounded by an onslaught of subprime fueled foreclosures and gun-shy buyers, is simultaneously experiencing a bit of a nose-dive.

According to the Wall Street Journal, the slowed housing market hasn't hurt the green building material market one bit -- consumers are still buying.

But, can the green building movement help the real estate situation? Probably not at any significant nationwide level. However, at the individual level, for those trying to sell their home, how far will a bit of green go?

An article in the Real Estate section of the Orlando Sentinal recommends green upgrades and certifications as a way for sellers to connect with and entice buyers in a really tough market (Florida has been hit particularly hard by the housing market downturn).

It makes sense. According to the Orlando Sentinal article:

• A home that is "green" differentiates itself from other traditional homes (being different is good)
• A green home with the right appliances can often offer lower water and electricity bills, as well as lower future maintenance costs
• Green homes are often healthier homes.

So, will there be a wave of sellers quickly going green before getting out? That remains to be seen.

Related:

+ West Coast Green: Real Estate Industry (posted by KathyB)

Image via Aaron Murphy