Why is it so Hard to Buy a Green Home?
“Green” is the future in real estate! No doubt. The benefits of “Going Green” are enormous. They range from helping the environment to saving your hard earned money. Businesses, families and individuals are revamping the way the think about and use their desired power sources and strive to achieve a “Green” solution. One of the biggest challenges with “Going Green” is actually securing the Green real estate. The technology is so new that there is simply not a lot of green real estate options. Almost all potential buyers if given the option would chose the more eco-friendly and money saving green home. It actually tops the list on most desirable features in new real estate purchases. But there can be some big hurdles during their search. Finding and purchasing a green home is certainly easier said than done. Thanks to a variety of issues, it’s more difficult than you would assume to find these homes!
What exactly is the problem?
– Supply/’Demand
Green has been trending for quite some time. It has been considered alternative and on the fridge but now it is mainstream and very desirable unfortunately Amreicans tend to go for the “Quick Buck”. Therefore, the number of homes that actually have these updates is limited. Since these homes are in high demand, especially among first time homebuyers, you may find it more difficult to find one of these homes, because the supply just isn’t as strong as the demand.
– $$$
Energy efficient upgrades increase the value of the home, which means you are going to pay more for a home that has these upgrades. Although the extra savings will typically be made back over time because of the decrease in utility bills, the added upfront cost is pretty significant. Right now, that added cost is coupled with the low supply of homes – which makes these homes even pricier. A recent survey showed that nearly 95% of homebuyers listed energy efficient upgrades on their list of “wants” for their home. Since the supply is far less than the demand, expect to pay quite a bit more for a green home than a home that has not been upgraded!
– Appraisals
Another challenge that “Green” real estate shoppers and “Green” real estate developers encounter is Appraisals. How much is the green modifications work. Sometimes the work is valued too high and sometimes too low. It is difficult to value newer technology so the prices for “Green” modifications or enhancements vary and is not considered an exact quote.
– Can this affect you?
If the appraiser does not correctly factor in the value of the energy efficient upgrades in the house, both you and the seller may suffer when the home appraisal is sent to your lender.
Although people are starting to realize the need for this information, the inclusion of this information is not occurring quickly enough to satisfy green shoppers who are stuck searching far and wide! For more information about this article or any other real estate related issues use this link, Waterfront Properties and Club Communities.
The Jupiter Elks Annual Fundraiser Golf Tournament!
The Jupiter Elks Lodge is a nonprofit organization that is committed to giving back to the South Florida community. This Saturday the 27th they will be hosting their annual Fundraiser Golf Tournament at the outstanding country club paradise of the Eastpointe in Palm Beach Gardens. The tournament will be set up as a scramble and with a hole in one contest and numerous other special course activities this event is billed to be a fun and exciting time for everyone involved. There will also be a fantastic complimentary full spread BBQ dinner for the players hosted at the Jupiter Elks Lodge including chicken and NY Strip Steak. Don’t want to golf, no problem you can just enjoy dinner for $15 and even sponsor a hole or just make a flat out donation to the organization.
Address:
Eastpointe Country Club
13535 Eastpointe Boulevard
Palm Beach Gardens, Florida 33418
Date and Time:
Saturday, September the 27th 2014 at 1:00 pm
Phone: (561) 744-8689
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PGA National to Host LPGA National Pro-Am Tournament And Conference!
From October 5th through the 7th the Ladies Professional Golf Association (LPGA) Teaching and Club Professionals (TC&P) are heading to the PGA National in warm and tropical Palm Beach Gardens, Florida where they will host their 2014 National Pro-Am Tournament and Conference.
The 2014 National Pro-Am Tournament will mark the second time this event has been staged by the LPGA and is billed to be an absolutely outstanding experience for both the professionals and amateurs alike. The Champions Course of the PGA National is the perfect setting for this event and it is sure to provide a fantastic golfing experience full of challenging play for everyone involved. With amateurs playing side by side with the pros and a best ball format this event is sure to be one not to miss out on.
Directly following the Pro-Am Tournament the LPGA TC&P will host the conference’s welcoming reception and “Little Black Dress Party”. The theme of the conference is designed around “learn-grow-lead” and will include some outstanding groundbreaking and inspiring subject matter designed to polish up the skills of everyone involved. Some of the speakers and presenters of the conference will include Aimpoint’s Mark Sweeney, Trackman’s James Leitz, and a variety of others that make the conference a must see for golfing enthusiasts.
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