Texas Greening
Posted:
Thursday, November 3rd, 2011
Category:
Real Estate License
Green is hot, even after the subprime meltdown and the natural disasters (hurricane and wildfires) on the East Coast. This according to McGraw-Hill’s 2006 Smart Market report, which predicted that 10 percent of all new commercial construction in 2010 was sustainable (as in green sustainable), and that 5 percent of all new U.S. commercial construction received the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) certification, also last year.
Also according to the McGraw-Hill report, real-estate investment trusts (REITs) are also landing half-empty office buildings and updating them to green standards—an initiative that usually brings in 3 percent higher rents and a 7.5 percent boost in a building’s value.
Home construction is not as far in the green yet as building construction is, but it is being predicted that it is about to take off.
With rebuilding poised to roll out in Texas and other disaster-struck areas on the East Coast, the possibility of green helping spur the home-building is a realistic one, what with the reputation of the state as one of the greenest states in terms of policy. Rebound is bringing in some sense of excitement
When that time arrives, TX Real Estate Training such as Texas Real Estate Pre-license and Texas Real Estate MCE should come in handy for a lot of people.
