YES, IT’S PROVEN. TRULY GREEN HOMES SELL FOR MORE. 8% MORE TO BE EXACT.

Written By Phil Buoscio

Does a Green House Sell For More?


One of the questions builders and buyers have been asking is if building green is worth more?




It costs more to build green, highly efficient homes with healthy features along with the typical “smart” home items BUT will it also sell for more?

The answer is YES. BUT, to be worth 6% more, is has to be third party tested according to this study. To be worth 8% more it had to be USBGC LEED certified.


Third Part Testing Is A Definitive Quantifier

What is third party testing?

You may have heard of a “LEED” certified building. That is a third party tested building.

But a building need not LEED to be “third party tested”… it can simply just be built green well then tested. Good insulation practices lead to sealed homes that are much more efficient wether they go to the extent of being LEED or not.


What testing Procedures Are Used To Judge A Home’s “Greenness” ?

The U.S. Green Build Council (USBGC) ongoingly updates Climate Resilience Screening Tools of software that establish and update rating systems. Initially, the tool provided a framework to identify climate sensitives and and "prioritized opportunities to promote resilience through green building." Now it is also grading healthy home attributes and many other facets.


The study above was of Austin. Austin has many more LEED certified and third party tested properties than Illinois in the Residential sphere. There has not been a study on Residential green property versus non green properties of significance that I know of yet in Chicagoland. However, Illinois has a good amount of certified green buildings when you include commercial. A interesting graph below shows you that. Illinois, when measured by per capita, turns out to have ranked hi in the amount of LEED projects in the state.

There is more LEED certified space per capital in Illinois than you might have thought.



Phil Buoscio

A future-driven Realtor who's lived in Chicago all his life and understands its neighborhoods, trends, and people. He was part owner of a large Brokerage who downsized to start his own Brokerage in 2006. This allowed him to have pursue a more enjoyable, focused approach with fewer clients and specialize with clients of Income Property, Green Renewable New Construction Development.

A committed Environmental Activist who was the Catalyst for the first LEED Certified USBGC line of Speculative Homes in Chicago +PLUSHOUSE.

To further lead our transition to clean energy he also leads a Solar installation team Brokering Solar on the POWUR platform. Since the first LEED home he sold in 2016 with Solar he has not looked back from pushing for solar and highly efficient homes.

With an extensive background in remodeling as a General Contractor and New Construction Broker(having overseen the design and sales of over 30 developments), he is a great asset to any developer who is considering a project in or around Chicago. He knows the market now, and that each builder must be future-driven to stay ahead of the market.

Phil understands the construction trades, building codes, and zoning laws to help his clients envision possibilities and limitations that impact the value of a property in the long run.

Phil is an income property specialist as well and has represented some of the larger independent landlords in Chicago in acquisitions and sales. He oversees his own highly profitable income portfolio of over 40 units in ten properties.

Phil has personally closed over 200 million in sales personally since 2001 in over 800 transactions and has been the Top Broker in Chicago's Pilsen neighborhood over the last 22 years.

https://myrealtorphil.com
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