The Home Energy Score helps consumers know what to expect from their utility bills when buying or renting a home. Similar to a car’s miles-per-gallon rating, the home energy score provides homeowners with valuable information about their home’s energy performance, while also recommending improvement projects that can save energy and lower utility bills. What does this mean for you as a buyer? Or you as seller?
According to energy.gov, "a Home Energy Score allows prospective home buyers to better understand the true cost of owning a particular home, allowing them to compare the expected energy costs of different homes and affording them a measure of protection when making one of the biggest financial investments of their life."
As for sellers, "Portland’s Home Energy Score policy requires all sellers to obtain a home energy performance report—which includes a Home Energy Score—prior to listing. Sellers must include the Score and the accompanying report in any real estate listings, and must also provide a copy of the home energy performance report to prospective buyers who visit the home while it is on the market."
These home energy reports can cost anywhere from $99-$200 and must be completed before your house can go on the market. If you have questions about the process we are happy to guide you through and be your resource for all things real estate.
Nick Krautter is the author of The Golden Handoff: How to Buy and Sell a Real Estate Agent’s Business which debuted number one on Amazon for mergers and acquisitions. His goal is to teach real estate agents how to grow their business and to help them later retire and benefit from their years of hard work. For the last decade Nick has been a Realtor in Portland, Oregon, where he leads a team and frequently serves as a real estate expert for the media.