During a recent study, home buyers have indicated that home energy scores are becoming a high priority when determining whether to buy a home, however, sellers aren’t including that information in the listings. As of today, only Portland, Oregon requires home energy rating information in real estate listings.
Reuven Sussman, co-author of the report from the American Council for an Energy-Efficient Economy (ACEEE) and director of the organization’s Behavior and Human Dimensions Program says, “We always thought home buyers would respond to energy efficiency information, but now we’ve shown it’s really true. Prospective home buyers have a lot of information at their fingertips, but usually they know little about the energy efficiency of the homes they’re considering. Just getting the right information in front of people can make big differences in their choices. If we can help buyers find efficient homes, we can really stimulate demand for them.”
The ACEEE publicized research showing that having home energy information presented to buyers would influence their choice 14% more than those buyers that did not have the information combined with the real estate listing. This means that home buyers are valuing energy efficient homes! Sellers need to be aware of this information as this could adversely affect their home listings unless they make home improvements to make the homes more energy efficient.
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