Green Building Cost

Cost of Green Building What are green buildings?

(Gregory, 2003) defines Green building. “Green” or “sustainable” buildings are buildings that use resources like energy, water, materials, and land more efficiently than buildings that are just built to code. According to (Li & Syal, 2013) (Turner & Arif, 2013), Green Building is defined as: a building that provides the specified building performance requirements while minimising disturbance to and improving the functioning of local, regional, and global ecosystems both during and after its construction and specified service life. (Kibert, 2008 by John Wiley & Sons 2nd edition page 6), described sustainable buildings as “Green buildings virtually always make economic sense on a life-cycle cost

While green technologies are not sufficiently proven, (Barnes, 2012). The new technologies that are implemented, they results in a great investment in a long-term by reducing maintenance and operation cost. Green buildings are built for a long-term use, and they are environmental friendly and built for economic benefit. Buildings plays a major role in harming the environment with pollution, therefore green buildings reduces this negative impact. (Angrisano, 2012 page 25) also supported green buildings, “As early as 1993, in an extensive evaluation of companies is UK and Europe, Hodgkinson (1993) notes that businesses increasingly want their flagship buildings to present an image of environmental friendliness in terms of energy efficiency, the use of building materials, and the impact on the wider environment.” Companies can also have a good relationship with the environment by constructing efficient buildings that are environmental friendly. This will also contribute to their economy since the building will not cost too much on the long-term

Kats, 2003), according to Gregory green buildings are commonly perceived to be a lot more expensive than conventional buildings and often not worth the extra cost. For example, an early 2003 article in the New York Times was entitled “Not Building Green Is Called a Matter of Economics.” This defines the constructing of green building, during construction it is expensive but cheaper at a long-run. Constructing green buildings strengthens the relationship between the building and the environment. (Gregory H. Kats, 2003), “Green Buildings provide financial benefits that conventional buildings do not. These benefits include energy and water savings, reduced waste, improved indoor environmental quality, greater employee comfort/productivity, reduced employee health costs and lower operations and maintenance costs. This paper will focus on two of these benefits: lower energy costs, and health and productivity benefits.” Green buildings are not just expensive to construct, there are benefits at the end. Since it utilizes natural light, it saves energy. It also utilizes rainwater for it to be used inside and outside of the