Real Estate Blog
Monday, November 10 2008
The Austin City Council has voted and the decision reached was one that includes the compromises of groups such as the Austin Board of Realtors and Keep Austin Affordable. As part of the city’s ongoing Climate Protection Plan, home sellers will be required to get their home audited by Austin Energy to assess the energy use and efficiency of their home.
This is a departure from the original intentions to have the improvements suggested from the point-of-sale audits be a mandatory fixes. There were many outcries regarding the effects of such a mandate, especially on the prolonging of the sales process due to the limited amount of inspectors and the potential to increase the sales price by more than what the market would be able to absorb.
On 01 June 2009 the energy efficiency audits will be mandatory. By 2015 the city hopes to have all the Austin homes to be zero net energy capable.