Thursday, May 8, 2008

UPDATE: Austin Board of Realtors presents alternate home efficiency proposal

"Austin Board of Realtors said energy-efficiency audits should be performed when the name on the home's utility bill changes and space would be provided to specify energy audit results on seller's disclosure forms. Any upgrades would be voluntary, with city incentives such as sales tax exemptions on the materials needed."

Click headline above to read full article

This is just an update about the energy efficiency audits that the city of Austin has been talking about implementing upon older homes.

The new proposal was brought forth by the Austin Board of Realtors and I think it is structured a little better than what the working proposal is. Under the ABoR proposal, The homes would still be updated but it wouldnt be a stipulation of the sale of the home. It also has ideas about how there would be tax incentives for sellers that choose to do the updates before selling the home. If this were the case, it would also be a selling point for a home that had already been updated because the prospective buyer would not have to deal with it.

This is an update of a previous post that you can read here. I will update again as more information becomes available on this topic.

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