Going Green in Multifamily Construction is Fast Becoming Standard
The future for going green in new home building and apartment construction looks rosy.
Builders and remodelers seem to be shaking perceptions that green building is too expensive and plan to incorporate sustainable construction practices in future homes. Architects and construction companies that specialize in multifamily say it’s not rocket science to go green, and, in some cases, the cost is negligible.
In fact, new and better products in the marketplace are making it easier to reach energy efficiency levels associated with Leadership in Energy and Environmental Design (LEED) certification. Many new apartments are being built right out of the chute with energy efficiency in mind without breaking the bank.
Energy efficient apartments help during lease-ups
A 2015 Dodge Data & Analytics’ New SmartMarket Report, created in conjunction with the National Association of Home Builders (NAHB), reports that more than half of home builders believe that 60 percent of the new homes they build by 2020 will be green. These expectations of higher green involvement emerge despite concerns about the cost of building green. Nearly 80 percent of home builders and remodelers say that building green has an incremental cost over traditional construction of 5 percent.
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