Landlord Green Mandating Green Retrograding Essay

Pages: 4 (1160 words)  ·  Bibliography Sources: 8  ·  File: .docx  ·  Level: College Senior  ·  Topic: Urban Studies

SAMPLE EXCERPT . . .

These costs are not likely to reflect the real and sustained cost of providing energy to the home or apartment. Moreover, as noted here above, the owner is also burdened with a great many other issues of safety and integrity associated with maintaining the property. The result is both a limited understanding and a limited prioritization of the energy-efficiency demands for a structure in need of major upgrades. As the research conducted here shows, the incentives produced at the public level for encouraging green retrograding of residential housing are decidedly limited and may well fail a basic financial pros-and-cons test for the inquiring property owner. Indeed, on one level, federal laws and tax credits have been in place for several years that support the necessary energy efficiency transition by offering corporations and private property owners tax breaks to upgrade property or install efficient appliances in both newly constructed homes or in a retrograding fashion.

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Unfortunately, substantial evidence persists to suggest that these programs do not go far enough to address the renter/owner conundrum. Many tax incentive options are available only to property owners in their primary dwelling. Though some owners may see breaks on insurance of income properties for certain upgrades there is no significant program that aides property owners in upgrading income properties for energy efficiency. The owner of the property has a conflict of interest in that their desire is to have the home occupied, with the least possible out of pocket expense for the property. Therefore installing energy efficient appliances is often far from the top of the priority list, as the cost of running appliances falls on the occupier (Gardner & Stern, 2008).

TOPIC: Essay on Landlord Green Mandating Green Retrograding Assignment

Additionally, the value of properties from which owners collect rent is often viewed as profitable in the short-term. This differs from the property owner with intent to maintain, improve and eventually resell a property for profit. In today's particularly anemic housing market, collecting a monthly rent check stands as a much sturdier priority than such interests as either environmental sustainability or cost-controls for the long-term posterity of the structure. The result is a reluctance on the part of many property owners to install additional insulation, to replace older windows with high efficiency windows, to purchase weather-resistant doors and to upgrade older, energy-consuming appliances and temperature-control units. While this may improve property value in the long-term and raise eventual resale or even rental value, if the intention is lacking in the immediate future to make such a sale or a change in lessees, any such changes would cost more in the short-term and would therefore be unattractive to many income property owners. Moreover, these types of big ticket efficiency upgrades are very unlikely to be performed by a renter, who will be unlikely to see significant long-term financial gain from this type of overall improvement to the owner's property.

This dynamic helps point to the critical importance of providing meaningful financial incentives for the income property owner to make the types of changes and upgrades cited here above. First, some consideration should be given to existing programs designed to bring about change for property owners. Tax incentive programs carry merit but are neither substantial or widespread enough to stimulate the type of change called for here. According to the text by Moreno (2011) "income tax credits for going green are available in 22 states. Michigan has a refundable credit for [END OF PREVIEW] . . . READ MORE

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APA Style

Landlord Green Mandating Green Retrograding.  (2011, November 19).  Retrieved December 1, 2021, from https://www.essaytown.com/subjects/paper/b/landlord-green-mandating-retrograding/7684920

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"Landlord Green Mandating Green Retrograding."  19 November 2011.  Web.  1 December 2021. <https://www.essaytown.com/subjects/paper/b/landlord-green-mandating-retrograding/7684920>.

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"Landlord Green Mandating Green Retrograding."  Essaytown.com.  November 19, 2011.  Accessed December 1, 2021.
https://www.essaytown.com/subjects/paper/b/landlord-green-mandating-retrograding/7684920.