May 6, 2012

BECAUSE THE BAKER'S WINDOW ISN'T BROKEN:

Energy audits may be beneficial for both home buyers and sellers (Kenneth R. Harney, May 6, 2012, LA Times)

It may be the best-kept secret in residential real estate: For a couple of hundred dollars, a potential buyer bidding on an existing house can ask for a formal energy audit along with the standard inspection clause. That audit, in turn, can save the buyer thousands of dollars in future operating costs and pinpoint the specific features of the house that need correction to improve efficiency. It might also be a tipoff to a sobering reality: This house is an energy guzzler. Either the asking price comes down, the seller fixes the problems or I walk. [...]

Since energy costs rank high on the list of ongoing expenses for many homeowners, and multiple studies have demonstrated that energy-efficiency renovations more than pay for themselves in utilities savings, why aren't more audits performed? In an era of $4-a-gallon gas and autos that are marketed on the basis of their low fuel consumption, shouldn't buyers know about the operating costs of the houses they are bidding on? Shouldn't energy audit contingency clauses in purchase contracts be as commonplace as home inspection clauses?

Posted by at May 6, 2012 1:48 PM
  

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