Going Green with Real Estate Adds Value to Both Seller and Buyer

Many of us became more conscious and make great efforts in going green as we are aware of its impact hence, green living and home improvements have deeply affected the real estate market. We have several known people who share their advocacy and vision to make this more sustainable for everyone. Green projects are now one of a selling point to segments of buyers in various areas in the United States.

What are the benefits of Going Green?

Many reasons drive the global push to “go green”. While nature conservation is one of them, ensuring economic and social wellbeing, mental and physical health, and a sustainable future for humans are some other powerful incentives. – By Vijayalaxmi Kinhal

Curtail Climate Change

Greenhouse gas emissions that cause air pollution also lead to climate change. Burning fossil fuels, deforestation, land-use change, production of nitrogen fertilizers, and ruminants (e.g., cows) digestion through human activities, are the reasons behind the abrupt global warming reports.

Steps are needed to address the effects of climate change. The results are rising temperature, melting polar ice-caps and glaciers, rise in sea-level and submergence of coastal land, changes in precipitation patterns, increase in extreme weather events like hurricanes and droughts, and ocean acidification. All of which then impact crops, wildlife, and biodiversity notes. The impact can, however, be worse with every degree rise in temperature. Limiting Temperature Change Lessens Negative Impacts

If the option comes, it makes more sense to choose energy-efficient homes from better indoor comfort, lower overhead costs, and increased durability. Whether the home carries an Energy-Star rating or meets local or national guidelines for exceptional efficiency, choosing a recognizably efficient home increases the quality of the home and its long-term investment potential. 

Lower Energy Bills – The U.S. Environmental Protection Agency’s (EPAs) reports that new home with the Energy Star designation may use 30 percent less energy than an equivalent new home that’s not built to the same rigorous standards. The HVAC system, in particular, is crucial since the typical homeowner spends approximately half the energy budget on keeping the home at a comfortable temperature year-round.

Better Indoor Comfort – Low rates of air infiltration, adequate insulation and an Energy Star HVAC installation assure even comfort throughout the home. The builder who follows these practices must account for the physical factors that influence indoor comfort, compensating for solar exposure and balancing the distribution of conditioned air throughout.

Improved Health – Although it’s not a program requirement for a green home by the EPA’s standards, most builders who intentionally build green new homes take extra steps to cut down on the harmful emissions found in new construction materials. Volatile organic compounds (VOCs) are a byproduct of some kinds of paint, flooring, and cabinetry. VOCs pollute indoor air, causing mild to severe physical reactions that can have long term consequences.

Reliability – Since a green home has appliances that meet the Energy Star’s guidelines, homebuyers can expect the appliances to be more reliable. The engineering and technology that make appliances more efficient also contribute to their durability. A green home uses upgraded construction techniques that also reduce normal maintenance over time. Installing insulation properly and limiting air leakage both keep moisture problems at a minimum. Moisture and water damage can be the root of many serious upkeep issues over time.

Financing – Lenders can make energy-efficient mortgages (EEMs) that have more favorable financing terms than other types. The lender will treat the monthly energy savings as income that benefits home purchasers in ways unique to the type of mortgage being generated. An EEM for a conventional loan will allow the buyer to qualify for a higher loan amount, while the FHA loan limit for the home can be raised above the regional ceiling.

Better Resale Potential – While it’s a delayed benefit, an energy-efficient home is likely to appreciate more and sell faster. The National Association of Homebuilders (NAHB) reports that over 90 percent of potential home buyers state that they would be willing to pay more for a home that has an energy-efficient designation or efficient features, including windows and appliances.

Time on the market for a resale home and its appreciation rate depend on a host of variables, but selecting energy-efficient new homes immediately improves the future resale potential because they offer the characteristics that the vast majority of shoppers want.

Why you should sell a GREEN HOME?

Going green becomes one of the selling points since most of our buyers nowadays are interested in eco-friendly and healthier living. There are several pieces of advice you find from all channels available, for Sustainable Energy Systems.

Sustainable Energy – is one that can meet the growing demand of today’s people without compromising the demand of the people that would require it in the future.

Going green home worth in Real Estate – According to The Washington Post appraisers matched individual “high-performance” energy and resource-conserving houses against multiple homes similar in type and location but without green improvements. They then calculated the extra dollar increments buyers were willing to pay for the green features and found they ranged from $10,343 to $53,000, or an average premium of 3.46 percent. Some premiums on individual houses ranged as high as 6 percent to 7.7 percent and were enhanced when properties had photovoltaic solar arrays to slash electricity costs. You may be surprised to learn that greening the home can have a significant impact on your bottom line. Many green techniques have been proven to not only increase the sales price of the home but also help act as a marketing tool to get your home noticed. Finally, homeowners can benefit from the many tax credits and incentives for going green. 

Young adults hit the market – Millennials hit the housing market, the construction of ‘wellness-minded’ buildings and eco-friendly homes are on the rise Eco-friendly homes require less maintenance as they are constructed to last a long time. Less money is spent making repairs or applying touch-ups because green materials are durable and look newer for longer. The buildings’ extended lifespan will also lead to a higher property value so if the homeowner decides to sell, they would increase their initial investment. In the future, it is thought that both homeowners and businesses will be looking into green buildings. A new breed of eco-farmhouses has already been introduced in Wales and more operations will likely follow suit. Additionally, with more resources being introduced every day, eco-friendly homes will become even more accessible at a lower cost; meaning they are likely to continue to rise in popularity.

Given all the advantages of choosing higher efficiency from the start promises and almost always delivers a higher quality and more comfortable home.

It is best to speak and discuss more of these with an expert that owns A Wellness LifeStyle Real Estate Company: Greener Glober Realty Group

Broker/ Owner: Cynthia McGuire

Office Address: 7000 W Palmetto Park Rd # 210

Boca Raton, FL 33433

Contact #: 561 – 542 – 2262

Email: [email protected]

Website: www.GreenerGlobeRealtyGroup.com

Sources:

https://greenliving.lovetoknow.com/Why_Is_it_Important_to_Go_Green

https://home.howstuffworks.com/green-living/greening-home-increase-property-value.htm

https://blog.homes.com/2015/01/green-home/

https://www.openaccessgovernment.org/eco-friendly-homes-millennials-housing-market/48708/

https://www.washingtonpost.com/realestate/going-green-can-add-value-to-your-home/2016/01/25/e24c1486-8c86-11e5-acff-673ae92ddd2b_story.html?noredirect=on

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