Explaining The Value in Google Shopping Ads In the last year and a half, for…
We’re promoting sustainable home tours and events in the hope that a community of passionate individuals will come together to help each other create green homes in the Tri-State and support the local Chapter of the U.S. Green Building Council. Sincerely, Chuck Lohre
Start Small Matters – Tiny Homes For Sale These gems will be located at 144 & 142 Peete St. Both will be energy efficient and high-quality. One home is open to anyone, the other is income restricted. Through successful tiny home development, project lead, Brad Cooper, hopes to provide an example of urban housing that creates more accessible home-ownership opportunities. Learn more.
Residential Green Building Member Circle Meeting
Oct 28, 5:30 – 7 pm
Mecklenburg Gardens 302 E University Ave, Cincinnati, OH 45219. Goals: Advocate to other jurisdictions to provide incentives for green buildings similar to City of Cincinnati’s tax incentive. Involve green home experts in forming a shared vision for the future. Learn more.
USGBC Tiny Home Tour “Shotgun Row,” Covington, KY. Nov 14, 10 am till Noon, The best example of existing tiny homes in Greater Cincinnati. Covington, Kentucky’s Center for Great Neighborhoods’ Shotgun Row restoration of five vacant and rundown shotgun houses. Contact Chuck Lohre
[email protected], 513-260-9025. Learn more.
Ohio’s Energy Future Is Now, Nov 18, 7:30 am – 4 pm
Movie & Discussion, Tangeman University Center MainStreet Cinema, University of Cincinnati Continuing Education: 1.0 hours AIA, GBCI, ASLA, and LFA Biophilic Design is a documentary film that explores an innovative way of designing the places where we live, work, and learn. Learn more.
“There’s no such thing as a free lunch . . .,“Krista Atkins Nutter, Architect.
For immediate release – Cincinnati MLS adds Green Building Tools Cincinnati, OH —
September, 2015 – The Multiple Listing Service (MLS) of Greater Cincinnati recently rolled out a set of enhanced features aimed at helping homeowners increase the value of their home through investments in energy efficiency and other green features. Related to a national Greening the MLS effort, homeowners and their real estate agents are now able incorporate a number of new energy features into the MLS systems via an innovative Energy Efficient/Green Features form. With this form, a homeowner can identify a comprehensive set of energy saving enhancements, including specific building rating information such as LEED, Home Energy Score, HERS rating, and ENERGY STAR. The form is then uploaded into the MLS system and searchable by realtors to share with prospective buyers.
A collaborative effort of organizations that include the U.S. Green Building Council’s Cincinnati Chapter, the Greater Cincinnati Energy Alliance, Green Umbrella, and Efficiency First Cincinnati, have been working with the Cincinnati MLS over the past two years to build a community dialogue around the value of energy efficient homes in the Cincinnati market. Studies from across the country have revealed that homes with energy efficiency or other green features not only save money, but have a higher average value, in some cases nearly 10% more that their non‐energy efficient counterparts.
To test its assumptions and explore options to grow the industry, the coalition convened a series of stakeholder discussions that included a diverse array of local real estate agents, appraisers, home builders, planning officials, and mortgage bankers. The purpose of this dialogue was to discuss the opportunities and challenges associated with increasing transparency of green and energy efficient homes. Out of these conversations a consensus began to emerge around the value of green homes and the group developed a series of recommendations to the Cincinnati MLS to help incorporate more green building information into the local database.
Why Add Green Features? Home energy costs typically exceed the costs of both insurance and property taxes, yet there is no easy way to report on and compare the energy use of homes. Home sellers experience similar frustrations. Those homeowners that have made investments in home energy improvements (such as insulation, high‐efficiency heating and cooling, and other energy saving measures), are often unable to recoup their investments due to the inability to effectively communicate these benefits. Incorporating this information into the MLS system is thus crucial in creating value.
Gaining Value with Green Studies conducted in markets throughout the country have shown that homes with green features have increased value, transact more quickly, and experience lower rates of foreclosure, compared to similar homes without these features. A 2012 study conducted by a pair of UCLA economists found that green labeled homes were selling for a 9% premium compared to non‐labeled homes. A 2013 study from the University of North Carolina Center for Community Capital and the Institute for Market Transformation found a 32% lower risk of default for energy‐efficient homes.
Contact: Jeremy Faust, Business Development Director Greater Cincinnati Energy Alliance 513.621.4232 x131 | [email protected]
OR Paul Yankie, LEED AP Homes, REALTOR®, GREEN CFO / Quality Assurance Designee Green Building Consulting 1401 Main St. Cincinnati, OH 45202 513.304.4120 – Cell 513.381.1470 – Office [email protected]