Buying or selling a home? Get an Energy Performance Score!
The Community Energy Challenge is now working with real estate agents and homeowners to provide Energy Performance Scores (EPS) for Whatcom County homes. The EPS is like a MPG rating for the home, showing potential buyers how energy efficient it is. Providing this information has been shown to increase the closing price and decrease time on the market, making it a valuable tool for anyone looking to sell a home.
What are the benefits of getting an Energy Performance Score for the home I am selling?
GreenWorks Realty recently performed a study of environmentally certified homes in King County and found that homes with environmental certifications sold for 8.5% more per square foot and in 22% less time even while being 9% smaller on average than non certified homes. A similar study showed that environmentally certified homes commanded a 30% premium on average in the Portland metro area. There is a distinct market advantage for energy efficient homes and an EPS can help you quantify this for buyers.
Providing potential buyers with an Energy Performance Score also empowers them with information about the home so they know what they are getting up front. The EPS report can be used as an integral part of the home's portfolio and provides a tangible takeaway for the buyer.
How is the EPS different from the full residential home assessment?
The full residential energy assessment offered by the CEC is geared toward homeowners looking to make a significant investment of time and/or money toward improving comfort and efficiency in their homes. Those looking to sell a home may not be interested in making this sort of investment, but having information about the energy performance of the home can be a powerful tool for driving sales.
The EPS costs $125 and the assessment takes less time to perform compared to the full residential assessment. After the visit to the home by a Certified Building Analyst the seller will receive an EPS report that they can use to inform potential buyers about how well the home performs in terms of energy efficiency, but unlike the full assessment there is no need for follow-up visits.
How do I sign up?
Click here to fill out our online form and someone will get back to you quickly with more information. Be sure to indicate that you are a real estate agent or interested in selling your home.