A new study from Nils Kok and Matthew E. Kahn, recently was published and found that green
certified homes in the state of California were valued an average of 9 percent higher
than non-green certified comparable properties.
In The Value of Green Labels in the California Housing Market,
Kok and Kahn analyzed 1.6 million single-family property sales in
California between 2007 and 2012. Their research found that homes with an Energy Star rating, LEED certification or properties that were Greenpoint Rated were valued higher than homes without these standards.
Eminently useful for the creation of green housing, modular construction is the process of creating several sections of a building in a controlled factory environment, called "modules”. As the modules are being constructed, site work begins on the foundation, utilities and site grading. The modules are then transported to the job site and installed before applying final interior and exterior finishes. This reduces the amount of construction that needs to be done on the actual building site and, consequently, the environmental footprint of the entire building zone is reduced. Modular construction can also include increased energy efficiency, meeting many of the green standards.
The reduction of the ecological footprint and increased energy efficiency provides a future precedent for green housing. Green housing is the crucial practice of creating housing that does not damage the environment and, in fact, considers the environment before the needs of its residents. It is entirely possible to create a building that services the environment as well as its residents, and with plenty of technology available to care for the earth, it's an imperative to choose green development. The future of the earth depends on green projects to advance.
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