Differentiate Yourself with Earth Friendly Green Products
Posted: Wednesday, July 18, 2007
by Ingrid Weir
http://www.facebook.com/ingritaweir
According to Rex Nutting, Washington Bureau Chief of MarketWatch, the inventory of previously owned homes up for sale in May 2007 rose to the highest level in relation to sales in 15 years, putting even more houses into an already glutted market.
With sales of existing homes falling 0.3% to a seasonally adjusted annual rate of 5.99 million down from the upwardly revised 6.01 million in April, according to the National Association of Realtors, and sales down 10.3% from just a year ago and off approximately 17% from the peak, what can builders and homeowners do to differentiate themselves from the 4.43 million homes currently for sale on the market?
According to a survey conducted by the National Association of Home Builders and McGraw-Hill Construction, 85% of homeowners said they were more satisfied with their new green homes than with their previous, traditionally built homes. The survey allowed respondents to state more than one reason for buying an environmentally friendly home; showing that nearly 50% of those surveyed said that concern for the environment was a reason to buy a green home, and the same percentage held that their family's health was a reason. 63% stated lower operating and maintenance costs motivated their purchases.
Additionally, homebuyers were willing to pay a higher price up front to get those benefits. "We found that people buying green homes were willing to pay an $18,500 premium in order to get a green home," said Harvey Bernstein, vice president of industry analytics, alliances, and strategic initiatives at McGraw-Hill Construction.
To be classified as, "Truly Green", homes must include three or more products or features addressing the following:
1. Energy-Efficiency
2. Indoor Air Quality
3. Resource Management and/or Use of Recycled Materials
4. Site Management/Location of the Home and its Surroundings
5. Water Efficiency
Who is the Competition?
Their research showed that only 0.3% of existing homes qualified as "Truly Green" whereas, 2% of homes incorporated a green product, such as energy-efficient doors and windows, appliances, or heating.
In Jack Trout's "Differentiate or Die: Survival in Our Era of Killer Competition", he warns, "Those who fail to differentiate their product or service, in the mind of the consumer, won't stand a chance." This is your chance to differentiate yourself as a renovator, builder, homeowner, real estate agent, or other professional looking to change your business as well as the world.
Who is Buying Green Homes?
The report found that those apt to invest in a green home are women, who are married, affluent, well educated and are likely to be in their mid-40s and from the Southern or Western states. The popularity of green features is not limited to new construction.
The research estimated that about half of U.S. homeowners recently renovated their homes, and about 40% of them used green products. Energy-efficient windows and doors, as well as energy-efficient heating and air-conditioning systems are some of the most popular green upgrades, Bernstein said.
Green Building Products
Water-Efficient Showerhead with H2Okinetic Technology from Delta
Delta Faucet Company showerhead uses just 1.6 gallons of water per minute. Delta worked with Bowles Fluidics Corporation to develop their H2Okinetic Technology™, which produces droplets that are large, resulting in good heat retention and body wetting.What makes this product green?
• Fixtures and equipment that conserve water
• Equipment that conserves energy
Underwater Standing Timber Salvage by Triton Logging
What makes this product green?
• Salvaged products
SageGlass Tintable Glazing from Sage Electrochromics
What makes this product green?
• Building components that reduce heating and cooling loads
• Improves light quality
WeatherTRAK Smart Irrigation Controls from HydroPoint Data Systems, Inc.
What makes this product green?
• Fixtures and equipment that conserve water
• Reduces storm water pollution
Electric Radiant Floor Heating Systems by Speedheat® US
What makes this product green?
• Energy savings
• Improves Indoor Air Quality
Coolerado Cooler Advanced, Indirect Evaporative Air Conditioner from Coolerado, LLC
What makes this product green?
• Energy savings
• Improves Indoor Air Quality
Product Information: Delta Faucet Company
55 East 111th Street
P.O. Box 40980
Indianapolis, IN 46280
www.deltafaucet.com
Triton Logging, Inc.
6675 Mirah Road
Saanichton, BC V8M1Z4
www.tritonlogging.com
Sage Electrochromics, Inc.
One Sage Way
Faribault, MN 55021
www.sage-ec.com
HydroPoint Data Systems, Inc.
1726 Corporate Circle
Petaluma, CA 94954
www.weathertrak.com
Speedheat® US, LLC
120 Arnold Mill Park, Suite 100
Woodstock, GA 30188
www.speedheat.us
Coolerado, LLC
4700 West 60th Ave., Unit 3
Arvada, CO 80003
www.coolerado.com
About the Author:
Ingrid Weir is a member of an elite team of electric radiant floor heating professionals, who concentrate on energy-efficient heating solutions. For more information, contact Speedheat US, LLC at 1-888-WARM FLOOR (1-888-927-6356) or www.speedheat.us. Address is listed above.Sources: Existing home-sales decline hits builder stocks - Full week for company earnings, housing data opens with a thud - http://www.marketwatch.com/news/story/home-builders-busy-week-gets/story.aspx?
guid=%7BA4CD62C3-5CCF-46B1-B673-77F4C33C4182%7D - By John Spence, MarketWatch - Apr 24, 2007
Home sweet green home - Most buyers of resource-efficient homes say they're more than satisfied - http://www.marketwatch.com/news/story/most-buyers-green-homes-satisfied/story.aspx?
guid=%7B1539C4AB%2DF4E7%2D49A4%2D99D1%2D83555EC8E27A%7D - By Amy Hoak, MarketWatch - Mar 26, 2007
"Differentiate or Die: Survival in Our Era of Killer Competition" - Jack Trout
BuildingGreen Announces 2006 Top-10 Green Building Products - http://www.buildinggreen.com/press/topten2006/top-10-list.cfmDelta - Jerelyn Wilson - November 15, 2006
U.S. Green Building Council – LEED for Homes - http://www.usgbc.org/DisplayPage.aspx?CMSPageID=147 - Homes Pilot Version 1.11a released February 1, 2007
Energy Efficient and Renewable Energy Consumer's Guide - http://www.eere.energy.gov/consumer/your_home/water_heating/index.cfm/mytopic=12760
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Top-level comments on this article: (7 total)Looks Great!!!
Just what I was looking for. Thanks!
Very good article. It was very informative and well written.
Looks awesome as always!!!
Great information! So smart and easily understood. We should all go green.
Good information
Great article! I was looking for information about new green products that would give more than just advertising, and this woman obviously knows her stuff. You should get her to write more.... Thanks!Thank you so much!
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