A study conducted by the Real Estate Finance & Investment Center at UT's McCombs School of Business found that Texas homes built to meet environmental standards are worth $25,000 more on average at resale.
The Houston Chronicle reports that the study looked at 3,800 homes built in Texas between 2008 and 2016 and found that homes that had LEED certifications received 8 percent premiums over those that did not. This represents a significant gain considering that the average new home is sold for $311,000.
The Washington, D.C.-based U.S. Green Building Council, which co-authored the study, expects the residential green construction market to grow to $100 million in 2018 from $55 million in 2015.
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