New Jersey Association of Realtors (NJAR): Green Building Cost-Benefit Analysis
Publication Year: 2011

New Jersey Association of Realtors (NJAR): Green Building Cost-Benefit Analysis

Citation:

Clint Andrews, Jennifer Senick, Michael Kornitas Kristin Crandall, Kerven Montfort, Deborah Plotnik Eric Tuvel. July 11, 2011. Rutgers Center for Green Building at the Rutgers Edward J. Bloustein School of Planning and Public Policy.

Survey research demonstrates that homeowners make purchasing choices about a home that relate to its specific attributes or features, including those of an energy efficient home. These may include energy-efficient windows, appliances, heating and cooling systems, ventilation systems, and use of sustainable and healthy materials. To help the New Jersey Association of Realtors and the real estate industry understand the net economic benefits of green home building, RCGB has completed a detailed analysis of the upfront costs, operating savings, payback period, and appraisal and valuation benefits for these green features. The research looked at the costs and benefits of purchasing a green home on a life cycle basis, from upfront costs through expected resale value.