Green Real Estate has always been Malibu’s thing – with the need for more efficient use of water to ensure a good water supply to the city - it is something which has been extremely popular here in the west coast, which has been leading the way with the general trend – the California Association of Realtors even launched a green website!
Driving energy efficiency amongst the existing housing stock is one thing - even NAR encouraged people to become less wasteful by converting their HQ in Washington DC to be more “Green“. But supplying the market with greener new builds is something which is important and requires the whole industry to get involved. Malibu is a perfect flagship city for such projects due to its trendy image in the real estate world. Even local celebrities are going green with their real estate – look at Cindy Crawford!
According to a new study from the U.S. Green Building Council and Booz Allen Hamilton, construction in the green-building industry will support 7.9 million jobs over the next four years while pumping into the American economy $554 billion. Currently, 2 million American jobs are supported by the same industry and more than $100 billion in gross domestic product and wages is generated. From 2000 to 2008, $178 billion in gross domestic product was contributed to the economy and 2.4 million direct/indirect and induced jobs were created or saved which generated $123 billion in wages.
That represents a huge number of jobs and a vast sum of money and, an opportunity to expand on!
With buildings in the United States being responsible for 39% of CO2 emissions, 40% of energy consumption, 13% water consumption and 15% of Gross Domestic Product per year, making green building a source of significant economic and environmental opportunity with the eventual goal of ALL building to be green.
In fact Malibu City Council even recently proposed a Green Building Ordinance! We wrote about some Environmentally Friendly homes in Pacific Palisades hitting the market a couple of years ago!
Also, going green and buying a green home may not just save you money in running costs, it can also bring rewards when it comes to the time to sell, with green homes commanding higher prices than regular real estate!
If you are interested in purchasing a property or selling a property in Malibu, Pacific Palisades or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 or via her online contact form on her website.
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Judy Kunisaki – CA DRE license 00963582
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