Back in June 2009, Austin TX implemented Mandatory Energy Audits for every sale if you fit the following criteria:
- Live in the City of Austin
- Use Austin Energy
- The house is more than 10 years old
For the most part, this really only applies to about 400k houses. Some houses in the City of Austin use a different Electric Company. Many houses that use Austin Energy don't fall within the city limits. It's not an "either or" situation. It's an "all" situation, and if you don't meet all 3 criteria, you don't need the energy audit.
This energy audit was set up for home owners/sellers to have to give a report to an incoming buyer about the energy efficiency of the home. The seller isn't required to fix or repair anything. It's for the buyer's informational purposes only. Many sellers couldn't afford to sell if they were required to bring their homes up to today's energy efficient levels.
Even though this Energy Audit has been moving along just fine for the past 5 years, Austin has now decided to make some changes with a new version of the audit. This new Energy Audit will be a more comprehensive assessment of the property that will include a section that lists "Potential Savings" if recommended changes are made. It will also list what energy efficient things the house already has in place.
I heard, not confirmed yet, that the new report will also give estimates on what some things will cost to change. This would scare me, as I then see it as a negotiating tool for buyers to ask sellers for more money, though the audit is not meant for the seller to make any changes not already done in the home. It might be a can of worms...
No word as to when these changes will take place, but it'll be soon. I'll keep you posted! In case you're wondering, the fine for not prividing the Energy Audit to a buyer is $2000.
**Are You Packed Yet?**
Donna Harris, REALTOR®
Donna Homes, Owner
Austin TX Real Estate and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Steiner Ranch, Spicewood, Circle C, and everywhere in between… Hill Country Austin TX Real Estateand beyond.Whether you’re buying or selling an Austin TX Home, I’ll be with you every step of the way.
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*Mandatory Energy Audits - City of Austin TX * was first published on donnahomesblog.com.