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Profiting from Eco-Renovations
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Description
G Street Founder Philip Beere helps homebuyers make homes energy efficient.
- Duration 2:58
- Date Jul 19, 2012
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Transcript
This transcript is automatically generated
There's green in flooded homes again.
If you improve house -- eco renovation -- -- a founder of -- street Phoenix company that -- existing homes energy efficient and he says there are selling parts of -- thanks for being with us tell tell us how this works.
You help me a buyer flub making green and and make a profit on selling it go ahead.
I think you -- -- for having me.
As far as making home green -- really talking about four.
Impact areas right so we're making homes very energy efficient.
Very very water efficient they're very well located near mass transit.
We make sure they air quality is very healthy but the -- thing that we're doing as we make him look really good so they're designed very well.
What kind of price extra price can I expect -- I make a home Walgreen to -- -- what kind of extra bump.
Well I think don't know who is.
Sure so will we really want to do is our program is best for -- homes that are in original.
Condition or sometimes you would call those homes distress so they already need.
Number of updates they already need exterior improvement they -- interior improvement so that cost is no different.
If you're already doing the landscape improvements the interior design improvements.
Addressing the mechanical system.
There should be no increasing cost of 6 July -- the green -- how much extra price can I request on -- 100000 dollar home because it got the green stuff.
How much more will -- perform in the market sold.
-- now we have a very energy efficient on the cost you less to operate it's healthier it's more comfortable because the air quality is better.
Most importantly these homes look really good they have a professional designer but how much Phillip you're dot -- how much extra money I make sell on the green home.
On a hundred I -- to 3000 extra 101000.
Sure consistently they're performing better so how much more we can't tell you exactly how much more you can make because it depends on -- you paid for the home to begin with but.
What we do know is the buyer is gonna tell us how much it's -- and they're telling us right now those homes are worth more money.
OK well now they had it says here that forty dollars a month average savings energy -- when you go green.
That's 480 dollars a year and it says did you spend 25000.
A 100000 per home to pick them up and reunify and -- that takes me 52 months to earn it back on on a 25000 dollar rent though.
And it -- -- 208 months turn it back on a 100000 dollars how does is paper itself and all the sounds like a losing proposition.
Okay see you already doing the renovation write your taking distressed original condition home that looks really bad it needs the improvements already.
So you're always gonna be doing these things so it's not gonna cost you more but that is a misprint that was forty dollars a month in energy use a -- not statements.
We're not going to be done nothing all right so we do those Omaha woman -- -- -- -- -- For -- -- start hard venture had a hard time housing meltdown I'll evolution well best of luck thanks -- here thank you.
And -- Phoenix and --
