The National Association of Realtors’ (NAR) annual report dubbed ‘Profile of Home Buyers and Sellers’ has found that buyers are looking for greener homes. Top priorities for buyers included heating and cooling costs, energy-saving appliances and energy-efficient lighting.
Increasingly buyers are looking for houses that are better for the environment. The use of green building materials has continued to rise despite the recession, and the sustainable housing market is expected to jump from $116 billion to more than $250 billion by 2020 according to market analysts at Navigant Research.
In a bid to prove their green credentials and attract buyers, developers are increasingly seeking to achieve LEED certification on new buildings. The US Green Building Council has recently launched LEED v4, its latest set of environmentally friendly construction standards which focus on materials safety and transparency. The new standards address the issue of human health and call for features such as low-biocide paints or low-VOC flooring to be implemented in sustainable buildings.