Palm Beach Post (FL) (12/19/16) Ostrowski, Jeff
Green Dwellings of Palm Beach Gardens president Karen Adams set out to determine the price an eco-friendly home will attract from affluent buyers by building such a house near the Intracoastal Waterway in West Palm Beach, Fla. The 2,500-square-foot residence has roof solar panels, an energy-efficient air conditioning system, a solar water heater, Energy Star appliances, two 500-gallon rain barrels that irrigate the lawn, and an electric-vehicle charging station in the garage. The house's asking price is $1.595 million, but Adams notes Tesla buyers regularly pay a premium for green cars even though a vehicle at half the price would achieve the same purpose as a mode of transport. "My client is the Tesla client," Adams says. She notes the house was constructed indoors in a factory and shipped to and assembled on the site. Adams says this process is less wasteful and more efficient than traditional construction. A shortage of construction workers is making factory-built houses more popular. Real Estate consultant Lesley Deutch says homes with the latest green amenities can command premium prices, but the trend is in its infancy in South Florida.