The Role of Dual Pane Windows and Improvement Age in Explaining Residential Property Values

Real estate literature concerned with energy efficient or green property features focuses primarily on the impact of green labeling, certifications and designations. There is a modest amount of research on the valuation impact of individual green features such as dual pane windows, an important and widely implemented green feature in the American housing stock. From a sample of single-family residential sale transactions, we develop and test a...