Archive for the ‘Green real estate’ Category
July 17th, 2008
Green Condos in the West
A couple of weeks back we did a feature on the great trend of green condo developments taking off all over the country– and we covered many developments in the East and South. Click here to learn about Green Condos in the Eastern U.S.
A green condo can be a wonderful alternative for (the vast majority of) those of us who cannot afford to build a new green single-family home. We want sustainable design, solar panels, energy-efficient appliances and so much more, but we can’t afford to build. Viola– the green condo!
This week we cover many of the excellent green condos available in the Western United States. There are so many to choose from it’s tough to pick just a selection to highlight here!
In the Los Angeles Area
Evo South is an exciting development in the heart of downtown LA. It is an urban tower of steel and glass– 23 stories with 311 residences. They are in the process of seeking LEED certification for the building. The units feature such eco-friendly elements as Bosch Energy Star appliances, low-flow water fixtures, Nature’s Choice carpeting and more.
If you prefer the beachy side of life, Green On 19 is a cool townhouse development in Santa Monica. These townhomes are the first of their kind in Santa Monica, and there are five units in the development. Architect Jesse Bornstein has integrated modern style, light and sustainability into his design. The units meet Energy Star New Home standards and feature solar power, bamboo and concrete floors, LED landscape lighting, xeriscape landscaping, and more.
In the San Francisco Bay Area
The Arterra is a relatively new development in the Mission Bay district. Arterra is also seeking LEED Certification. The Arterra has three sections: “sky”, a 16 story tower with city and bay views; “city”, a 9-level building with city views and green roof; and “park,” a 6-level building with two-story residences that come with private outdoor spaces. Altogether there are 269 units in the Arterra, and apparently 55% of them are already sold.
The Green City Lofts in Emeryville have 62 units of Energy Star Certified living. The steel superstructure and interior framing contains 25-90% post-consumer recycled content creating a more durable, earthquake-resistant, fire-resistant, rot-resistant, mold-resistant, and pest-resistant building. The units have radiant heating, no-VOC paints, double-pane windows, and cool metal roofs.
In Seattle
Enso is a thrilling condo development in Seattle. They are seeking LEED Gold certification. Units are for sale now and will be available in Spring 2009. The building is gorgeous and the units feature such eco-elements as concrete counters, sun shades, 100% recycled content carpet, no-VOC paints, and Ecoresin panels. The building also uses heat-pump technology, which is a very energy-efficient option for heating and cooling.
The Veer Lofts are bringing a kicky spirit to Seattle. They have three styles of lofts for sale– the “Flexi-loft” is 1 and 1/2 stories; The Full Loft is two stories and The Flat is a one-story. They are seeking LEED Certification and the units include daylighting, water-conserving fixtures, recycled building materials and drought-tolerant landscaping. Check out the funky website– it’s very fun!
In Portland
The Metropolitan in the Pearl District is a gleaming, modern tower that is a LEED Certified building. The Metropolitan balances luxury with a commitment to sustainable design and healthy living. The LEED Silver building has high performance energy efficient mechanical systems and glazing systems, storm water retention for landscape irrigation, the incorporation of durable, low-maintenance materials and the use of healthy materials and abundant natural ventilation for improved air quality.
In Denver
Just a few blocks from Coors Field in downtown Denver, 20|20 Lawrence Street features 60 residential condos atop an exciting mix of ground-level retailers. The development is LEED Gold (no small accomplishment!) The 50,000 watts of electrical power that will be produced from a roof-mounted photovoltaic system will represent one of the largest solar photovoltaic arrays in Colorado. The individual units feature sustainable hardwoods and low-VOC carpets and paints.
Click here to find green real estate for sale across the U.S.
Click here to find an EcoBroker to help you with your green real estate needs.
July 2nd, 2008
Green House Plans from FreeGreen
Think you can’t afford an architect to design your green dream home? Wrong-ola. Now you can get free green home plans from FreeGreen.
FreeGreen’s mission is clear and simple: ”At FreeGreen we hope to encourage progressive building practices by making green home designs free for everyone.” The company is able to provide these free designs because they make money from companies looking to promote their green home materials/products (e.g., flooring from FLOR, tankless water heaters from Rinnai, GE Energy Star appliances, etc.) To learn more about FreeGreen’s history and business model, click here.
This is really an amazing service– you just go to the site, find the home design you want, and download the plans. It is amazingly easy. The site is quite new and has some little bugs, but you can still really do a lot with it. (For instance to download you need to click on the “virtual tour” link for the house you want.) In addition to downloading the drawing set for your builder, you can download the energy performance data for the home you have selected. You can also get a Spec Book of the building products and finishes that can be installed in your home.
They have three house plans they are featuring now and they will be adding more as time goes on. The one pictured at right above is the “Suburban Loft,” which can be 1,200 to 2,600 square feet. I’m personally partial to the Smart Box, pictured at left. It can be 1,000 to 2,200 square feet. They also offer a more traditional looking “Healthy Family” home which can be 1,800 to 3,000 feet. And you can customize any of these designs to your geographic location and sizing desires. Check out all of the plans here.
Related features:
Green Prefab Homes: Prefabulous!
Find companies designing and building prefab homes here
If you’re looking for a builder in your area, don’t forget to check our nationwide directory of green builders here.
July 1st, 2008
Green Prefab Coming to a Market Near You!
If you can’t tell, we’re pretty hooked on the latest and greatest in green prefab design. One big problem, though, is that there’s a huge amount of noise and not all that much action - plenty of fabulous prefab designs and museum / conference exhibits, but very few actual installations (and even fewer mid-market installs, which is where prefab has to go in order to make a true difference in our housing stock).
Finally, the log jam seems to be breaking. Several firms have begun to produce green prefab homes for real people in small but growing numbers. This past month, Marmol Radziner, a prefab company here in Southern California, made a splash with some pretty showy installation videos on local media outlets. These homes are either a) high end or b) for the firm’s founders, so they’re still a ways away from mass-market. But, the videos do a good job of showing what elements make prefab homes unique (factory construction, rapid installation, modular components) and at least to me suggest that they’re not all that far away from being able to replicate these installations on a larger and thus less expensive scale.
So, take a few minutes out of work and check out this great video from the LA Times on the installation of one of the homes. And continue to hope for the day when all you have to do is walk down the street instead of visit the local museum to see a beautiful green prefab home near you. (our apologies for whatever ad the LA Times is running in front of this clip - when I last viewed it it was a Chevy Pickup ad - ugggggg). To see more great green prefab options, visit our green prefab directory here.
June 27th, 2008
The Bottom Line: Green Home Upgrades & Home Values
With many cities experiencing a real estate “slump”, homeowners around the country are looking for ways to stand out from the slew of homes on the market, while improving their home’s resale value. Other homeowners are planning for the future: a future of ever-rising energy prices.
Regardless of your situation, you may be asking yourself if green home improvements increase the home’s value. The answer isn’t as straight-forward as some might hope.
The old rules still apply…
Before we dive in, there are a few things to consider when thinking about making home improvements – green or not. First, remember the three rules of real estate: location, location, location. The return on your investment will depend on the value of your house and others in the neighborhood, as well as your local housing market. Other factors like the quality of the workmanship, and how soon you move after making the improvements weigh in as well.
One man’s treasure…
That said, there are actually two different values to consider when judging the return on home improvements, according to Dr. Harold Hunt, a research economist at the Real Estate Center at Texas A&M University: value in use and value in exchange.
To explain these concepts, let’s use a little story. Ted owns a home, but is looking to move soon. Ted is concerned about climate change. After some research, Ted decides to make a few eco-friendly improvements around his home that will increase its resale value, including a new energy-efficient air conditioning system and installing bamboo floors. This is exciting to Ted. He looks forward to bragging about going green to all of his friends, and selling the house at a premium.
Bill is looking to buy a house. Bill wants to get the best deal that he can on a new home, closer to work. When Bill sees Ted’s house, he is excited – with high energy costs, the new air conditioning system will save him money. Bill looks forward to seeing how much smaller his energy bills will be in his new home. Oh, and the new floors look nice, too.
OK, back to reality! Ted provides a very good example of value in use. His satisfaction in the green improvements can be measured in both monetary terms (saving money on energy) and non-monetary terms (reducing his impact by using bamboo versus hardwood flooring, and bragging to his friends). Unfortunately, Bill may not value the non-monetary rewards enough to pay a premium for them, illustrating value in exchange.
So how does Bill and Ted’s adventure apply to you? If you’re not planning on moving any time soon, invest in changes are eco-friendly and that you’ll most enjoy. Until green features become mainstream – and corresponding increases in home values can be measured – it’s hard to know what buyers will be willing to pay for. Just keep in mind that come moving time, green amenities and features may not appeal to everyone, but energy- and money-saving green features will.
Hedge your bet…
If you’re building a new house, or diving into a significant remodel, you might want to consider getting it certified as green. Come resell time, certification can provide buyers interested in all kinds of green benefits assurance that they are getting what they paid for.
Nationally, the US Green Building Council, developers of the LEED rating system, have put forth a new residential certification called LEED for Homes. LEED certified homes use less energy, water and natural resources, and their construction creates less waste, among other benefits. LEED is probably the most well-know certification standard in the US, mainly due to its widespread commercial acceptance. Certification by LEED comes with a significant amount of cache, though some feel that the requirements need refinement and that the registration process is cumbersome.
Other nationwide programs include the Environments for Living certification, which includes an energy usage guarantee, and the EnergyStar program, which focuses on home energy efficiency.
Other programs exist locally, like Austin Energy’s Green Building Program and Earth Advantage in Oregon and Boston. For homes certified green by Built Green in Colorado, Countrywide Home Loans even offers ½ point off for home buyers. There is also the Build It Green program in California. For links to programs in your state, check out the Public-Private Partnership for Advanced Housing Technology.
The Big Question: Solar
One of the biggest dreams that many green homeowners have is living “off the grid”, meaning that they can supply all of the energy needed to power their home. If you dream of this, or even if you just dream of reducing your electricity bills, solar is usually part of the equation.
Residential solar installations have always been an expensive prospect, but as technologies have improved and costs have come down, solar has become feasible for many. Still, full systems can cost upwards of $30,000, so it’s important to understand the economics up front. Fortunately, some incentives exist at the state and federal level.
June 26th, 2008
$100K Green Home Project
Think green building is too expensive? Well so do the folks by the 100K House project.
The 100K House project is a case study started by a small development team in Philadelphia. Two homes are being built first and the name of the project comes from the target construction cost for the smaller of the two homes. The homes will have a modern and green design and the goal of the case study is to prove that green homes can be built affordably if designed properly.
The design team is aiming for a LEED Platinum rating– nothing to sneeze at. It will also be Energy Star certified. The home will be 1,120 square feet and have two bedrooms and one bath. The house will utilize solar hot water, rainwater collection & reuse, radiant floor heating, structurally insulated panels, and ivy-covered “green walls”, just to name a few of the green features.
The design team includes developer Postgreen, architects Interface Studio Architects, builder Built It Green Philly, and energy consultants Zero Energy Design.
According to the designers, “The basic concept of the 100K House is to offer an affordable home that places a high priority on quality, design, energy efficiency, health and sustainability rather than ‘bells & whistles’ that can drive the price of new construction out of reach from the majority of home buyers….A high priority is placed on the modern architectural design as well as the most cost effective green building materials and methods in order to provide the greatest value at the lowest price to a discerning client.”
The design looks amazing and the objective of designing and building a low-cost, cutting-edge green home gets our A+. We wish them luck and look forward to seeing these 100K homes come onto the market.
June 24th, 2008
Green Condos Coming to a City Near You
Do you long to live in an attractive green home with the latest and greatest in green building technologies, but know you can’t afford to build one? Then you and I have something in common.
But do you know about all the amazing green condo developments cropping up across the country? There are gorgeous, cutting-edge eco-friendly condos available or being built now in cities all around the U.S. We can’t possibly cover them all in this post, but we’ve selected a good sample. I will cover green condos in the West next week. Read on to find what might become your dream green home!
In Chicago, eco18 is an interesting development currently underway. Located in Chicago’s South Loop area, it provides access to plenty of public transportation options and also green spaces. eco18 is striving to attain a Gold Certification under the LEED program of the US Green Building Council. This is a lofty goal and we hope they make it! Their plans include a massive green roof, solar water heating, geothermal heating and cooling, rainwater reuse, energy-efficient lighting and much more. You can get a 1 bedroom/1 bath unit for around $285,000 or a 2 bedroom/2 bath unit for about $430,000. Learn more about eco18 here.
In New York there are many outstanding green condo developments. One I particularly like is the Kalahari in Harlem. The Kalahari’s distinctive facade design is modeled on motifs from the San Bushman of Southern Africa. The building was designed and built to the US Green Building Council’s LEED Silver Standards with the goal of limiting the building’s impact on the environment while still providing luxurious and modern living options. The building features 25% renewable energy sources (solar and wind), stainless Energy Star appliances, air filters for good indoor air quality, bamboo flooring, native landscaping and (we love this!) an on-site Zip Car service for residents. Learn more about Kalahari here.
Other green condos in the New York area worth checking out are Greenbelt in Brooklyn, The Lucida, and the Williamsburg Edge.
In New England, there are several great options. The Villages at Brookside are lovely Cape Code-style townhomes. (Shown at right.) Homeowner benefits associated with these LEED-certified homes include lower utility bills through energy and water conservation, reduced carbon footprints due to lower greenhouse gas emissions and improved air quality for occupants. The Macallen Building Condominiums in Boston are another exciting green option. In Vermont you’ll find the snowy, sustainable get-away of Spruce Creek at Stowe. Spruce Creak says of its environmental commitment: “Stewardship of the land is a Vermont tradition that has guided Spruce Peak at Stowe since its very beginning…From recycling to the protection of bear habitats, plumbing to wetlands protection, nothing has been overlooked.”
The Southern United States has some wonderful green condos cropping up– in Atlanta, Nashville, Chapel Hill, and several other cities. In Chapel Hill, East 54 will be a new urban eco-village. The project is currently being developed and it is a participant in the US Green Building Council’s Neighborhood Development pilot program. Incorporating sustainable site development measures, water and energy conservation, materials re-use, and indoor environmental features, East 54 plans to achieve or exceed a Silver LEED Certification. Learn more about East 54 here. And to learn about the Terrazzo project in Nashville, click here. To learn about the Brookwood in Atlanta, click here.
Please tune in next week when we cover green condos in the West!
To find green real estate for sale across the US., please click here.
To find real estate agents specializing in buying and selling green homes, click here.
