Monday, October 21, 2013

Capital Home Builders is Building to a Higher Standard!


We are focused on high quality built homes not square footage!
Capital Home Builders Designated as a RESNET Energy Smart Homes Builder for Committing to Build Energy Efficient Homes and Marketing Their Homes HERS Index Score
ThomasvilleGeorgia based home builder Capital Home Builders has entered into an agreement with the Residential Energy Services Network (RESNET) to provide new home buyers an important measurement of long-term energy performance of each new home the company builds.  The intent of the agreement is to raise consumers’ knowledge of new home energy performance by using RESNET’s HERS Index.  Use of the HERS Index will differentiate homes built by Capital Home Builders from other homes for sale in the Thomas County housing
Capital Home Builders is custom energy efficient home builder. The company was the first homebuilder to acquire the ENERGY STAR designation in South Georgia.  For more information on the company visit their web site at http://www.capitalhomebuilders.com/

The RESNET HERS Index is the industry standard by which a home’s energy efficiency is measured. The HERS or Home Energy Rating System was developed by RESNET and is the nationally recognized system for inspecting and calculating a home’s energy performance. Certified RESNET Home Energy Raters conduct inspections to verify a home’s energy performance and determine what improvements can be made to increase it. For more information go to http://www.resnet.us/home-energy-ratings

Izzy of Capital Home Builders, said RESNET’s HERS provides a quantitative measure of energy efficiency and permits comparisons between homes.   “It is expected that Capital Home Builders’ agreement with RESNET will serve as a model to other local and regional builders that would have positive outcomes for consumers and the new home industry,”

Steve Baden, executive director of RESNET lauded Capital Home Builders’ leadership for improving the energy performance of new homes.  “Today’s new homes are much more efficient in comparison to homes built just a decade ago.  These homes are more affordable to maintain, comfortable and have a higher value.  Thanks to leaders like Capital Home Builders, builders are increasing the energy performance of the homes they build.  This is good for consumers, the environment, the local economy and our national security.  It is great to have such a quality builder like Capital Home Builders educating homebuyers on the RESNET HERS Index.”
RESNET EnergySmart Builder
In making the commitment Capital Home Builders has been designated by RESNET as an RESNET Energy Smart Builder. RESNET Energy Smart Builders are leading the transformation of the housing towards high energy performance homes. These leading builders are committed to having all of their homes energy rated following RESNET’s stringent standards and marketing their homes HERS Index Score.

Energy-efficient homes seem to sell faster, fetch higher prices

Capital Home Builders Energy-efficient homes provide more efficient, healthful, and comfortable living environments by treating the structure as a complete system, where every component must work in harmony. Energy-efficient homes also use fresh-air ventilation and pressure-management techniques that maintain better air quality and comfort. AND, a properly balanced heating and cooling system means maximum energy efficiency. We are the only builder in Thomasville and South Georgia to have the best built homes and the only builder to have all of our homes "HERS Rated"
Some research projects in California, Oregon and Washington offer hints that energy efficiency and sustainability certifications for homes may result in easier sales and higher prices.

Home energy efficiency and sustainability have been major policy priorities for the Obama administration, but lurking in the background are two consistent questions: Beyond the documentable savings on utility bills, do such steps add to the resale value of a home? And do they make it easier or faster to sell your property?

Housing groups and housing officials say that definitive statistical data covering multiple regions of the country are scarce. But some localized research projects in Oregon, Washington and California offer promising hints.
In a study covering existing and new houses sold from May 2010 through April of this year, the Earth Advantage Institute, a nonprofit group based in Portland, Ore., found that newly constructed homes with third-party certifications for sustainability and energy efficiency sold for 9% more on average than noncertified homes in the six-county Portland metropolitan area. Existing houses with certifications sold for 30% more.
The raw sales data in the study were provided by the Portland Regional Multiple Listing Service. "Certified" houses were defined as those carrying Energy Star or LEED for Homes designations or Earth Advantage home certifications. (LEED stands for Leadership in Energy and Environmental Design.) The latest study was the fourth in an annual series conducted by Earth Advantage, each of which has shown clear price premiums for certified houses.
But officials caution that using average sales prices pulled from MLS data without trying to measure "comparable" homes against one another directly may not be conclusive. For instance, newly constructed certified houses may be more expensive to start, and existing certified homes may be larger and more likely to be in higher-cost neighborhoods where homeowner adoption rates for energy-efficiency measures are higher.
Nonetheless, said Dakota Gale, Earth Advantage's manager of sustainable finance, looking back at four years of studies, "we can still see a consistent trend that third-party certification continues to result in a higher sales price, even during the past year when home sales were down."
A study conducted two years ago by the institute in Seattle and Portland identified what may be another plus: Homes marketed with energy-efficiency certifications appear to sell faster on average than those without. The study tried to come up with rough comparability in appraisal terms between certified and noncertified properties, and it found that in Portland, certified homes spent 18 days less time on the market after listing than noncertified counterparts. In both Portland and Seattle, researchers documented price premiums — 9.6% in Seattle, 4.2% in Portland — in a statistical analysis with a 95% confidence level.
A recent study on houses in San Diego and Sacramento published by the National Bureau of Economic Research took a different tack: When you install photovoltaic solar panels on your roof, how much do you get back in market resale terms, beyond monthly energy savings?
Researchers examined a sample of home sales in the $500,000 range in both metropolitan areas between 2003 and 2010 and found that, on average, solar panel installations cost owners $35,967. But with federal and state subsidies, the net average cost came down to $20,892. This net expenditure, in turn, yielded an increase in appraised value by $20,194 — a 97% rate of recovery on the investment.
Though less than 100%, the rate is much higher than most home improvements in the most recent "Cost vs. Value" study conducted by Remodeling magazine — well above major kitchen and bathroom renovations.
Kevin Morrow, senior program manager for green building at the National Assn. of Home Builders, says that although many newly constructed homes come with energy and sustainability certifications, banks don't necessarily recognize their value when it comes to providing mortgage money.
For example, bank underwriters often do not include reduced monthly utility costs in the household income/household expense ratios that affect the maximum mortgage amounts available to buyers.
"The case needs to be made" to lenders, he said, "that, hey, these houses will cost less to operate, so they should be worth more."
Morrow added that appraisers are part of the issue as well if they don't have the training to recognize and credit extra value to houses that have money-saving solar installations, geothermal heating and cooling, Energy Star appliances, water conservation features and other green improvements.
The Appraisal Institute, the largest group representing that industry, says it has sponsored "green" appraisal courses for 2,300 appraisers during the last two years. It says it strongly supports efforts to better incorporate energy and environmental factors into mortgage underwriting and home valuations, including a possible congressional mandate requiring it.

http://articles.latimes.com/2011/aug/28/business/la-fi-harney-20110828