Is It Cheaper to Build Green or Retrofit?
LESLIE: Barbara in California is in the market to buy a home. How can we help you with that?
BARBARA: Well, I want to find out if it’s cheaper these days – with all the new, ecological innovations – to actually buy land and build your own house ecologically rather than buy an older home.
TOM: Well, if you buy land and build a home, then you get exactly what you want and you can make it super energy-efficient and very green from the ground on up. If you find an existing home, you can do much of the same things. You certainly can make it more efficient; you can improve different systems to reduce the energy consumption. It won’t be as totally green as going from the ground on up but it’ll probably be a lot cheaper, especially right now because the market is just so soft. There’s a lot of great deals out there in homes and there’s a lot of foreclosures out there, as well. So those are the things you need to consider.
BARBARA: Alright. Alright. Thank you.
TOM: Good luck with that project. Thanks so much for calling us at 888-MONEY-PIT.