The Cap and Trade bill currently being discussed in Congress includes a number of provisions related to American homes and homeowners. Specifically, if the bill is signed with the same language it had when it passed the House of Representatives, homeowners will be subjected to "Energy Audits" completed by government officials who will either approve the energy efficiency of your home before sale, or require you to repair it to their standards.

The end result of such legislation will make it more difficult and more costly to sell a home for most homeowners across the nation. It will also mean that someone from the government will come in to analyze everything from the type of windows you have to the type of bathtub and light bulbs you use. Ultimately, it will also mean home repair costs will likely increase as manufacturers of windows, doors, appliances and other home goods will have new government agencies to answer to. Builders and repair services will likely be required to have new training and certifications to comply with increasing government control.

Having already passed the House of Representatives, some people are using this bill as a catalyst to go ahead and buy now. The theory being that its best to buy and make repairs before these new stipulations and regulations make it a more expensive and lengthy process to buy a new home.

Whether you choose to wait or now, all homeowners need to understand what is on the horizon, and consider the effects this Cap and Trade bill will have on their homes.