The Cost of Green Buildings

What are the standards for a sustainable or ‘green’ building? Well, there are no agreed upon standards for a building that is ‘green’. Sure they are built to be more energy efficient and all these other things that makes them sustainable or ‘green’.

But what are the costs of developing a building to be sustainable?

According to this article here, the costs to build and develop a ‘green’ building is an increase of 2-7%. And the costs of developing a residential building is a whopping 12.5%. Who pays for these costs? Well the owner of the place does. With a ‘green’ home, it is a premium bonus that it is sustainable. So therefore you get what you pay for. With the real estate starting to go green, it means the sustainable buildings will increase in prices as it is more attractive to a potential owner.

But what’s so special about a ‘green’ building?

A green building isn’t just built efficiently and sustainably, but it functions efficiently and sustainably. Studies show that there is a savings from either 10-50% in energy use! That’s what I call efficient energy usage. So the costs of energy is decreased as energy efficiency is increased. So for the extra money paid for a sustainable home/building, there is a huge potential to make up for it in the savings of energy costs. All that needs to be done for more sustainable buildings in development is the leap for potential house owners to buy a premium green home.

David D


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