Building Green – A Benefits Report

Author: Al Zan

2008-07-14 Word Count: 401 Category: Home Improvement

Building a Green house is challenging and may well burn a hole in your pocket. A green house typically costs 0.5 % to 6.5% higher than a standard dwelling. Practically speaking, it might does not make sense investing more in a green house. However, the vital point which most people miss is a critical analysis of the future prospects of Green buildings. Governments across the world are progressively becoming more and more sensitive to environmental issues. The Green Movement is slowly but surely transforming from informal pressure groups into positive governmental action by inclusion of legislations in many parts of the world. In the United States, many states have commenced offering tax benefits for those who build green.

Building a Green house is fast gaining acceptance with the market value is gradually appreciating. As oil inches to $150 per barrel and is slated to go up to $200 per barrel, operating costs worldwide will go up exponentially. The first effects of this surge in crude oil price will hit the users of electricity generated by Naptha fired plants. Electricity bills for air conditioning will cross the red mark. The cascading effect of oil price rise will increase the costs of construction in every segment. Under these circumstances, an early investment in building a green house would stand in good stead. The reasons are very clear for all to witness. Lawrence Berkeley National Laboratory predicts that 40 percent of a building's utility bill for heating, cooling and ventilation can be reduced by incorporating green features in the design stage. Such a prediction will make building green houses an attractive proposition in the future. It can also be extrapolated that the additional green features will add substantially to the value of the real estate. Future scarcity of land for housing is making the builders include green features in their ongoing projects. Thus common swimming pools, common rainwater harvesting plants, and common gardens, all green features are becoming a norm.

A day will dawn when customers and homebuyers will insist on buying a house with all green features incorporated. They may do so as government environmental laws may in near future start penalizing those who do not have Green houses. We already see the effect of Euro IV standard on the automobile industry. 20 years ahead, such a happenstance may become true. Building a Green house is therefore a prudent decision.

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