On Monday night November 14, 2011, the City Council agreed to adopt the New building code know as the "Stretch Code". This code will require all new construction of residential, commercial buildings after July 1, 2012 to be 20% more efficient in conserving energy.
This new building code will effect costs of construction overall. In the article it says the code will add about $3,000 to the cost of construction of a residential home.In Realty, I was told it will be more like 20% of an increase in building costs. Yes this will be more expensive but, as energy costs keep rising we have to look for better ways to save and better alternative ways to create energy in the home.
It wouldn't surprise me to see homes built with these tighter building codes holding a better resale value in the future than older homes. If this becomes true then the initial higher cost of construction is well worth it. Today more and more people are looking to conserve and save and energy and want to embrace being "GREEN". It is the hip new thing and people pay will for it.
This is only the beginning for these sorts of building codes.
Here is the link to the news story reported by Waltham-Patch