Exquisite c.1790 antique Colonial on 9 picturesque open acres is surrounded by gorgeous gardens and majestic trees. This antique treasure is a true representation of a well preserved museum quality home. The interior features many period details including 7 fireplaces with beautiful handcrafted mantels, detailed moldings, wainscoting, wide pine floors and an impressive Palladian window. The owners have tastefully blended the modern conveniences of today with updating the bathrooms, creating a family and laundry room, and adding solar for electricity and hot water. There are separate guest quarters that was once an antique shop and is perfect for a home based business. The open land is ideal for animals to roam and plenty of space to grow your own food. There is frontage on the South River and it does abut conservation land. This special property is conveniently located only 20 minutes from I-91, 30 minutes to Northampton and 10 minutes to Shelburne Falls. This one is a gem!
I am often asked how much value is added to a home that has solar panels. There are many factors that a real estate agent needs to know in advance before this determination is made. Whether you are getting ready to sell your home or just curious below are some tips that will help guide you in the right direction.
1. The first thing an agent needs to know if your panels are owned or leased. It will make a big difference in their value.
2. If your panels are owned they should be factored into the price of the home just as any other asset would be. It is prudent to search for comparable homes with owned solar panels. If it is difficult to find a home with solar panels that has sold I suggest to consult with a local appraiser to help assist you in determining the value. The solar renewable energy credit (SREC) should also be considered when valuing the asset. Any buyer purchasing your home will want to know if they are transferrable.
3. If the solar panels are leased it can be a bit more complicated to determine the value. Before you house is on the market you should contact the leasing company to find out the process to transfer over to the new owners. I would have all this information together prior to listing so the buyers will be well informed prior to making an offer.
4. If you find out that buyer do not like the fact your solars are leased, you might be able to buyer out the lease.
What is Solar Renewable Energy Credit (SREC)
An SREC is created for every megawatt hour (MWh) of electricity produced by a solar generator. SRECs allow a seller with a solar array to use electricity that is produced by the panels and then separately sell the SREC to a utility company. Some solar owns use SREC brokers to handle the sale.
If you are interested in getting solar panels, click here to visit the MassGov website for helpful tips.
The information provided was taken from notes provided from the Massachusetts Association of Realtors Legal Hotline.
The Franklin County Better Greener Living Show is this weekend
April 23rd & 24th at the Franklin County Fairgrounds!
10:00 a.m to 4:00 p.m. and it's free!
Learn more about green living and converting you home to be more energy efficient. There is a great line up of vendors that include solar companies, heating and cooling, and home improvement contractors! There are 16 workshops that where you can learn about heating with wood, building an affordable net zero home, getting solar and cutting energy costs and more!
For more information visit the web site at www.fcbetterlivingshow.org