Consumers are attracted to the cost savings green features provide. Nearly half of home buyers are willing to invest between $1,000 and $9,999 for $1,000 annual savings on their utility bills, with 37 percent willing to spend upward of $10,000. This according to the 2019 NAHB survey of nearly 4,000 home buyers.
To achieve their energy efficiency goals, buyers would most like to have windows and appliances rated ENERGY STAR, efficient lighting (using less energy than traditional bulbs), and insulation higher than required by code. More than half of home buyers also find these indoor air quality features essential or desirable: a home dehumidification system, an electronic air cleaner, and low volatile organic compound (VOC) materials.
When buyers think of a green home, they think of features that will first save energy and second improve the quality of the air in the home, according survey results released yesterday by the National Association of Home Builders (NAHB) at the NAHB International Builders’ Show in Las Vegas. NAHB surveyed nearly 4,000 home buyers, both recent and prospective, on the types of features they prefer to have in their home, including eco-friendly components and designs.
“It’s confirmation that the most attractive green features for home buyers are those that help them save money on energy costs as well as those that improve the air quality inside their homes,” stated Rose Quint, AVP of survey research at NAHB.
A roof partially or completely covered by plants is the least appealing green feature, as only 24 percent of buyers would want to have it in their next home. Many home buyers are simply indifferent toward other green features, such as roof-mounted wind turbines, rainwater collection systems and recycled material or prefabricated building components.
Survey findings also show that most home buyers would prefer a number of green options versus the non-green alternative: 74 percent would rather have features and finishes made of more expensive materials that last longer versus 26 percent who would prefer them to be made of cheaper materials that need to be replaced more often. Similarly, 65 percent would opt for low-maintenance landscaping versus 35 percent who prefer a conventional lawn.
Details on additional home preferences, including smart-home technology features, are included in NAHB’s full 300-page report, What Home Buyers Really Want (2019 edition).
Original Story by: NAHB