Benefits of Certification

The problem of foreclosures 

Up to now, banks have treated foreclosures more as a loss-mitigation method than a “best practice”. As the graphic below shows, banks lose money when they sell foreclosed homes.

Previously, foreclosures were rare. Banks could almost afford to think of them as operating losses or acceptable risks. In the current markets, the sudden and extreme growth in the number of foreclosures makes these tough-to-sell homes that much tougher. Banks lose more money than they can afford.

What is the solution?

Greenovation has created a multi-party, mutually-beneficial process with banks, cities, real estate agents, contractors, and local/national retailers to not only repair homes, but also repair the economy. Greenovation’s program provides specific guidelines to turn a foreclosed home into a Certified Green home.

Greenovation’s program also:

• Provides banks an opportunity to secure a new loan with the next homeowner. Loans for green homes may even come with preferential government treatment.
• Impacts cities, neighborhoods, and HOAs. All would see a substantial difference in the properties’ effect on neighborhoods.
• Benefits retailers and contractors. The renovations would employ the local workforce, as well as providers of appliances and other components.

Looking Forward

Most real estate cycles occur as passing fads. The important selling points of today become obscure within a matter of years. However, it has been widely predicted that energy efficiency and continued sustainability will be an ever-growing trend, especially in the housing sector.

The green certifications can be expected to change and evolve, but they will become more and more integrated into the real estate market and its regulations going forward. Today, green building is a way of make your properties stand out; tomorrow it will be a fundamental part of the real estate market. Join with Greenovation today, and stay ahead of the trend.

How Do I Certify a Home? »

1. The benefits may include: special incentive loans available to homes that meet certain “green” standards; discounted operating costs as a result of energy-efficient appliances; and yearly tax incentives for having a Certified Green home. Speak to the appropriate advisors to see how these benefits can apply to your situation.