Going Green 8 posts by 4 users

Posted: 10/05/2008 at 05:12PM

What do flippers and rehabers feel about going GREEN more less everything is recycle products.

Posted: 10/05/2008 at 06:01PM

go to Planet Green on the TV and check it out because good learning

Posted: 10/07/2008 at 04:14AM

Running a business is about making money. It is not about making a social statement or trying to save the planet (which is doing quite fine without our help).

So, the real question is whether there is a demand for "green" houses in your area and whether that is more profitable than flipping non-green houses. It is also necessary to consider the effect that the recession/depression will have on the demand for "green". In my opinion, as the economy deteriorates, people will be more concerned with economic survival than with a fad like "going green".

Good Luck,

Mike

Posted: 10/07/2008 at 07:55AM

Lori,

I believe Mike's point goes back to my earlier post in this thread.

If green products and building are cheaper than non-green, it is a no-brainer. If they are even a little more expensive, then what is the point for REIs? This is business.

As he said, if the more expensive green can be used a a selling point than maybe it becomes worth the added cost. If the house sells faster or for higher profit by marketing the green used, then it was all worth it. If not, stick to what makes the most money and brings the best value to both you and the future buyer.

Even the limited number of home builders who began accepting green have been going the other way in this market. There is not buyer demand at this point.