Think green! That's the advice of environmentalists and economists alike. But what do these two ideas have in common? Does it pay for the average homeowner to 'go green?'

A green home is one that uses less of the earth's resources and fewer toxic chemicals. This can be accomplished during construction and remodeling. It is also a way of life through everyday measures such as recycling or adjusting the thermostat. Eco friendly building was once the domain of folks who were considered a little different and so were their homes. Weird looking solar panels and recycled materials turned off home buyers looking for something more asthetically pleasing.

All of that has changed. It's increasingly becoming the norm for homeowners to use foam insulation, non-toxic paint and sustainable bamboo, as well as solar power sources that can be camouflaged on the roof. In fact, a survey by the American Institute of Architects in 2006 indicates 90 percent of those surveyed would pay more for environmentally friendly homes and improvements. But how much does it cost and what is the payback?

It can cost anywhere from a few hundred to thousands of dollars for green construction. The payback depends on a lot of things. In terms of dollars, construction costs average 2 to 4 percent higher than normal construction. But there are tax credits available and your monthly utility bills will oftentimes be considerably less. Thicker walls and more efficient heating and cooling just makes more sense.

And there are other reasons to move in this direction. Most people believe it's the right thing to do, citing the need to wean ourselves from increases in oil consumption and the depletion of the earth's resources. Greener construction also means a cleaner environment indoors. That's important for anyone with a respiratory problem or other health need.

Copyright 2007 PropertySource Network