Redefining Cost: A Beacon of Hope Shines Through Housing Market Gloom
The recent turmoil in the housing market and the economy in general has opened Americans’ eyes to the flaws in the traditional way of evaluating the cost of a home. The real cost of a home is not revealed in its sticker price but in the combined monthly costs of ownership, including:
- Mortgage payments
- Utility bills
- Property taxes
- Insurance premiums
Buyers will soon see that despite the premium attached to its sticker price, a green home is more likely to be more affordable than a conventional home in the long term.