In the home building industry there are constantly changing trends. Items like the hottest new paint color, flooring material, open concept building and so on. We use the classification of trends because they seem to have a limited lifespan until the next hot thing comes in style. What we are more focused on is the direction of the home building industry, which is going to have more staying power. This is where things like building energy efficient homes come into play. Homes continue to be built to higher and higher efficiency levels. Some of this is directed by local and national codes but it is also driven by consumer demand as buyers become more educated on the efficiency of their homes.
More and more of the nation’s leading builders are now making a commitment to building energy efficient homes through the ENERGY STAR® home program. In order to certify a home as ENERGY STAR® there is a stringent list of requirements the builder must meet. This includes almost every aspect of the building process including things that probably won’t surprise you such as windows, doors, insulation, appliances and the HVAC system. What you might not know is that it also includes items such as the ducting, air filtration and ventilation fans of the home. All of these requirements must be confirmed through an independent rater/inspector for the home to receive the final sign off. This is comforting to the homebuyer, as they will have peace of mind that the home is going to perform as advertised.
So why is this a direction and not just a trend. We will get right to it – money. While there are a lot of extra benefits to using less energy (reducing our carbon footprint, using less resources…), the big one from a homeowner’s standpoint is a reduced utility bill. An energy efficient home can reduce the monthly utility bills considerably. According to ENERGY STAR®, a certified home will use up to 30% more energy than a traditionally built home. To put that in perspective, if your utility bills are $300 a month, a certified home would reduce that to $210. That is a saving of $1,080 per year. According to the Redfin the typical US homeowner stays in their home for about 12 years, meaning a savings of about $13,000. Additionally, the home will have better resale value.
Another aspect of building energy efficient homes is there is a movement that is gaining support that in order to qualify for a FHA mortgage, the home must be ENERGY STAR® certified. ENERGY STAR® already has a program called Energy Efficient Mortgages (EEM) that helps homebuyers qualify for purchasing a home as it considers that the monthly cost to maintain the home will be less, allowing more to be used to pay off the loan. While these programs are not yet mandatory, the direction they are going looks as if they will be in the near future. The good news is the major builders are already identifying this and are getting ahead of the game, committing to building certified homes.
To learn more about building trends/directions or other industry news, makes sure to read Air King’s other blog posts. To learn more about Air King’s ENERGY STAR® certified ventilation and fresh air intake solutions and how they can be implemented into building energy efficient homes visit airkinglimited.com
