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Why You Stand to Gain by Building Green


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Constructing Green houses is not easy, and certainly not low priced. A green house typically costs 0.5 % to 6.5% higher than a standard dwelling. Thus, from a pure pragmatic point of view, it perhaps feels foolish to incur additional costs. Such a view is misleading, as most people do not take into account the likely potential of building a Green house. 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. One can see that effect in the US where states have already started offering tax rebates to individuals who are opting for green houses.

The green house building phenomena is gaining credibility including a premium in the real estate market. 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 knock on effect on every segment of the construction business will only increase the costs. With such a scenario of the future, building a green house would seem to be a wise decision. 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. A simple extrapolation would conclude that such green features would enhance the saleability and price 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 home buyers will insist on buying a house with all green features incorporated. This may be forced upon the customers to avoid being penalized by stricter government environmental laws. We already see the effect of Euro IV standard on the automobile industry. The same analogy may well become a reality 20 years from now for building houses. Therefore, building a Green House is a safe and a wise proposition.

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