Ohad Ben-Yoseph via Flickr Creative Commons
Ohad Ben-Yoseph via Flickr Creative Commons

Homebuyers are not only increasingly interested in high-performance homes, but are also willing to pay more for them, according to a study by The Institute for Market Transformation and the District of Columbia’s Department of Energy and Environment.

High-performance homes are homes marketed with green features, such as a solar photovoltaic array or LEED certification. Through a paring analysis of a total dataset of 64 homes had sales prices ranging from $265,000-$1,415,000 in the D.C. market, the IMT found that such homes sell for a 3.46% premium on average compared to those without green features.  

image via IMT
image via IMT

“With American households spending around $230 billion each year on energy, the real estate market is beginning to recognize the true value of high-performance homes,” said Cliff Majersik, IMT Executive Director, in a statement.  
In addition to smaller bills in energy costs, homeowners of energy-efficient homes are 32 percent less likely to default on their mortgages, according to the report.

screenshot of IMT report 
screenshot of IMT report 

“This study further emphasizes the value of high-performance homes and showcases that home sellers, realtors, and appraisers who are not factoring in energy efficiency when selling a home are leaving money on the table,” said Majersik. “This is important not just in the District of Columbia, but across the United States.”

To enhance marketing efforts of high-performance homes, the market is calling on real estate professionals with knowledge of green building practices to fully explore the value of the green homes.