Comforts of Home Spring 2012

Gas-Fueled Homes Sell Faster

If you don’t currently have all gas appliances at home, perhaps it is time to consider replacing electric appliances with natural gas appliances to improve resale value. At least that’s what a new study by the National Association of Home Builders discovered.

The national survey, prepared for the Energy Solutions Center by the National Association of Home Builders in November 2010, asked NAHB’s builder members to compare the prices of newly built single-family homes with natural gas equipment to those homes with only electric equipment.
According to the study, homes powered by gas fuel sold for higher prices than electric homes – regardless of the size of the home. The gas home, on average, sold for 6 percent more than the electric home.
Other results of the study indicate:

  • The average price for a new home with gas heating systems and appliances was $328,549, compared with an average price of $308,520 for a comparable home with only electric heating systems and appliances.
  • A typical gas home sells for $250,000 or more. A majority of builders noted that a new home with natural gas equipment (e.g. heater, range, water heater, dryer or fireplace) generally sells more quickly than a new home with electric appliances.

Reprinted with permission from Natural Living magazine, copyright 2011 PRISM Media Group.

PSNC Energy appliance sales, installation, maintenance and repair are not a part of the regulated services offered by PSNC Energy and are not in any way sanctioned by the North Carolina Utilities Commission. There is no advantage to customers of PSNC Energy if they buy these products or services from PSNC Energy. A customer does not have to buy such products or services in order to continue to receive the same safe and reliable natural gas service from PSNC Energy.
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