A great number of individuals focus on interior design, curb appeal and location when looking for a new home. However, the recent green trends and society's emphasis on eco-friendliness and sustainability have brought about numerous changes in real estate. The presence of green surfaces, energy efficient features and sustainability of a property have become sought-after qualities among buyers.
It will gain more value
Green home improvements vary in their scope, price and complexity, yet all of them can contribute and increase the value of your property. Energy efficiency, in particular, is quite popular among prospective buyers who would rather pay more for properties with solar systems, energy-saving lighting, energy efficient windows and appliances than spend less on properties without these features. Consequently, the installation of these upgrades can boost one's property value significantly, providing them with an opportunity to gain a higher return on their initial investment.
Furthermore, energy efficiency isn't the sole factor that buyers consider when it comes to greenness of a property. The presence of green surfaces is another desirable feature that buyers will consider. Greenery has become extremely important, especially in urban environments where concrete dominates. Green areas are also a feature that indicates prestige and higher social status, which also contributes to the value of one's property. Moreover, the vicinity of urban green surfaces, such as city parks, also affects the sale price of one's house because they contribute to the quality of life of residents. Thus, top buyers attach great importance to the presence of greenery, outdoor spaces, gardens, backyards and surrounding green surfaces, which affects the value of a property.
It will be more energy efficient
As already mentioned, energy efficiency of a home is one of the most important factors that buyers consider when purchasing a property. Energy-efficient features offer long-term benefits to property owners, which they greatly appreciate. Homes with renewable energy systems, energy-saving HVAC systems, Energy Star-certified appliances and energy-efficient lighting are considered to be a wise investment, so they appeal to a greater number of prospective buyers who are willing to pay more. For instance, if homeowners opt for reliable 5kW solar systems, the most common solution for homes with average electricity needs, they can increase their homes' value by up to around $30,000. It has also been shown that each $1 in energy savings can increase your home's value by $20. Furthermore, there are numerous state incentives and programs for homeowners who decide to go green, enabling them to recoup their investment or even lower the initial costs of installation.
It offers more opportunities for increased savings
The major benefit of installing energy efficient features and water-saving fixtures is the opportunity for homeowners to increase their savings in the long run. With an average solar system, you can save up to $1800 on electricity per year (depending on your current electricity costs in your state or province). Water-saving features will help you reduce both your electricity and water bill, as well. Going with sustainable materials and eco-friendly interior design is another opportunity to increase your savings. You can go with vintage details, reuse materials and repurpose old items, which is always more affordable than purchasing new features. This is another advantage of green homes that appeal to both owners and buyers, resulting in increased property value.
It will be healthier
Greener homes are also healthier, which is another important benefit for owners. Sustainable products and materials and eco-friendly interior design need to meet certain green standards that prohibit the use of toxic materials. The presence of greenery, green surfaces and outdoor living areas can also help you create a healthier home environment. Plants act as natural air purifiers, so they can help you increase your air quality by purifying it from airborne toxins and allergens. Of course, if you ever decide to sell your home, this will be another plus among buyers, who will certainly prefer living in a healthy, toxin- and chemical-free environment.
It will be more peaceful and appealing
Buyers and homeowners appreciate homes that exude tranquillity and serenity. The modern, fast-paced lifestyle can be quite stressful and overwhelming, so individuals are looking for different ways to bring peacefulness into their lives and homes. Green design is certainly an effective way to achieve this since it brings nature into modern homes, embraces its soothing quality and enables homeowners to escape the hustle and bustle of an urban centre. Furthermore, a nature-inspired design is quite trendy and eye-pleasing, which makes it quite popular among buyers.
Green improvements, energy-saving features, greenery and renewable energy systems have become extremely important on the modern design and real estate scenes. Because of that, more and more real estate agencies offer specific house and land packages that include these features. Not only can these additions increase a property's value significantly, but they can also provide both owners and buyers with numerous benefits that are certainly worth investing in.
So, if you've been thinking about putting your home on the market, you should consider making it greener. Not only will it set your property apart on the market, but it will also provide you and your prospective buyers with numerous benefits.
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