Post By: Molly Hover, Upstream Research™ Marketing Manager
Can you put a price on your home’s health? When considering buying or selling a home, factors such as home age, materials, neighborhood, surrounding schools, and overall location can make or break a listing. The home itself can also be healthy or unhealthy, often in ways that are barely discernible to homebuyers. The U.S Department of Housing and Urban Development began the Healthy Homes Program in 1999 which has evolved to home safety concerns including: mold, lead, pesticides, and carbon monoxide.
Many peer-reviewed papers and other articles point to lead as an environmental health risk in older homes especially which, once remediated, had a “net benefit of $13,032 per home or a return on investment of 179%” (Billings & Schnepel, 2015). Among this, using preventative measures in the home such as checking smoke and carbon monoxide detectors, avoiding smoking, testing for lead paint, using toxic-free cleaning products, and maintaining regular cleanliness. The housing market changes regularly with demand, but the value of a healthy home will remain.
Upstream Research™ original post