Lexington, Kentucky, is now a national leader in home energy efficiency, as it is the first city in the country to enforce a new rating system that grades recently constructed residences on their environmental friendliness.
The Home Builders Association of Lexington (HBAL) announced a new initiative that will not only help save energy, but also make new houses more attractive to buyers by touting a home's ability to save residents money on bills, reports Business Lexington, a local wire service that monitors commerce in the area.
The official Home Energy Rating System (HERS) from the Residential Energy Service Network (RESNET), a trade organization that promotes energy efficient construction, rates homes on a scale of zero to 150. The lowest scores indicate the most energy efficient new homes and the highest scores represent older houses with outdated appliances.
The scale is also color-coded and designed to resemble a thermometer. The highest scores are in the orange range near the top with the cleanest homes in the green range near the bottom.
By signing a Memorandum of Understanding with RESNET, all new homes built by members of HBAL must submit to the rating system and make home grades available to potential buyers.
HBAL's CEO Todd Johnson said in the story that a HERS score card provided to a potential buyer can be likened to "the window sticker on a car that shows its MPG." Johnson also explained that because RESNET is a leading name in the industry, buyers will be able to trust that their homes are energy efficient according to the score.
Residents throughout the country can lower their house's impact on the environment by requesting an energy audit from a trusted local home inspection contractor, who can provide homeowners with information about their homes current efficiency.
The Insurance Institute for Business and Home Safety, a Florida-based research group, released a new study this week that ranked 18 states along the Atlantic coast in order of how prepared their residents' homes are for hurricane season.
On a 100-point grading scale, the results of the study showed many factors are at play when it comes to determining what states are at the greatest risk for catastrophe beyond their geographic location.
A large focus of the study was to take into consideration current building codes and licensing standards enforced in each state.
The study ranked (want to keep tenses consistent, you've used past tense for all the study references prior to this) Maryland 10th among the 18 states with a score of 73. Though Maryland has adopted a statewide Residential Building Code, municipalities still reserve the right to amend the code according to the study, which was a big reason researchers said Maryland didn't receive a higher score. according to the Institutes Disaster Safety Review.
Two states that border Maryland placed on opposite ends of the list. Virginia, which borders Maryland to the south, tied for first with Florida in the study, while Delaware, which neighbors Maryland to the East, was second to last on the list with a grade of 17.
Mississippi residents were the least prepared for hurricane season. The study gave the state a grade of 4 out of 100. Researchers found that despite being hit hard by Hurricane Katrina in 2005, residential building codes in Mississippi lack almost all uniformity, and standards of quality for new home construction cannot be guaranteed.
Even those living in states that scored poorly still have the opportunity to protect their homes in the event of catastrophic weather. In Maryland and Virgina, a visit from home inspection contractors like those at Alban Inspections can determine your home's weak-spots and inform you of the steps you need to take to fix them.
Homeownership has been perhaps the most widely accepted tenet of the American Dream for more than 50 years. Throughout the 1990s especially, homeownership rates spiked as suburbs sprawled outward from urban centers and the footprint of Americans extended into previously undeveloped areas.
But, for all the advantages provided by suburban living and its considerable popularity, why did a Gallup poll find last month that homeownership rates have plunged to a record low of 62 percent?
"Why are the giants of the building industry, the creators for decades of massive communities of cookie-cutter homes, cul-de-sacs and McMansions in far-flung suburbs, doing an about-face?" asks a May 15 USA Today analysis on the changing housing market. "Why are they suddenly building smaller neighborhoods in and close to cities on land more likely to be near a train station than a pig farm?"
This seismic shift in homeownership habits can be traced back to a variety of factors that arose in the last five years, including the bursting of the housing bubble, spiking gas prices that made extended commutes much more expensive and a general paradigm shift among Americans who are more conscious of their consumption habits.
As part of this change, consumers are increasingly coming to expect home energy efficiency when they build new properties or move into existing houses. Products like energy-efficient heating and insulation can trim a homeowner's monthly utility bill, while a comprehensive emphasis on energy efficiency in multiple aspects of the home can reduce consumption costs considerably.
To begin benefiting from energy improvements, consumers in the Tri-State area should not hesitate to contact an accredited Washington, D.C. home inspector. Once an energy audit is complete, the inspector will be able to tell a homeowner the best ways to begin saving money immediately.
It's no secret in the real estate industry that home energy efficiency is usually most critical for newly built properties, not for existing homes. The reasons for this are mostly cost related, as just last week, this blog reported that new homes can cost significantly more than used properties. In short, buyers do not mind funding energy efficiency if they're already paying a premium for a home, but many others are less willing to take the plunge when it comes to existing properties.
At the time of sale, buyers will often request a home inspection in order to find structural problems with a property or other maladies, such as mold, that could cost the buyer a significant amount of money to repair. Still, energy audits have been shown to be profitable for both buyers and sellers alike.
Boston real estate broker Leland DiMeco told The Washington Post that an energy audit he recently insisted upon ended up netting sellers an extra $50,000 that they had not originally anticipated, after they fixed many of the home's energy efficiency problems. Buyers were willing to pay a premium because the sellers were upfront and transparent about changes they had made before putting the home on the market.
"[An] audit might save the buyer thousands of dollars in future operating costs by pinpointing features of the house that need correction to improve efficiency," according to the newspaper. "It might also be a tip-off to a sobering reality: This house is an energy guzzler. And that might prompt the buyer to say: Either the asking price comes down, the seller fixes the problems, or I walk."
Homeowners will ultimately need to determine whether an energy audit is worth the cost, and should they decide to do so, their real estate agent should know of an experienced D.C. home inspector working in the area who has experience with energy audits.
Would you ever purchase a car without insisting that a professional mechanic thoroughly inspect the vehicle's engine, brakes and other key components? Most would insist upon an inspection, so why shouldn't homes be treated the same way before they are bought?
We devote much of this blog's reporting to home energy issues, primarily because of the money homeowners can save if they use an energy audit to find problem areas in their dwellings. Long before a consumer ever settles down in a new home, though, a home inspection could save him or her even more money by revealing potentially costly repairs before the ink has dried on a purchase agreement and left them responsible for fixing these problems.
A home inspection by a qualified Washington, D.C. home inspector can also go a long way toward ensuring buyers are comfortable with their purchases, especially if these properties are distressed. The American Society of Home Inspectors (ASHI) recently commissioned Harris Interactive to conduct a poll on this very topic, and the results were overwhelming slanted in one direction.
About 84 percent of consumers who responded to the survey said that they considered home inspections to be a necessary component of the purchasing process, not an optional luxury. Similarly, 88 percent said that a home inspection makes them more confident about a property purchase, which is even more critical given the depressed state of home sales over the last few years.
"It is encouraging to learn having a home inspection increases homebuyer confidence," said ASHI president Marvin Goldstein said in a press release. "We look forward to prospective buyers acting on the security brought by home inspections to breathe even more life into the recovering housing market."
Whether you already own a home or you are considering purchasing one, do not forget to contact a certified home inspector in the Tri-State area well in advance of a sale.
