Real estate prices have traditionally depended on market factors such as demand and supply, the infrastructural development of the locality, the employment opportunities in the vicinity, and the social infrastructure. In recent years, however, property prices have been dependent on other factors which have made it to the list of homeowner needs. Green, sustainable housing projects which are built and maintained with resource-efficient technology are more in demand and command better prices. What is it that makes green homes more valuable? What do you look out for when investing in sustainable housing? Let's take a look.
What makes green homes valuable?
Green homes and buildings involve decarbonisation from the very concept to the construction process and maintenance. While developing sustainable construction techniques and processes is still nascent, certified green homes cost more than other projects that do not rely on sustainable factors. However, they are more valuable since they can enrich and improve homeowners' lifestyles. Green homes can help save about 30% on energy bills and up to 50% on water bills. They use eco-friendly and ergonomic materials that leech zero to very low levels of toxins. The health benefits of living in green homes are invaluable. Designing these homes involves optimisation of natural light and ventilation for a pollution-free, allergen-free home environment. These eco-friendly homes are low maintenance, and with rising demand, the property's value also appreciates more than others. As a real estate investor and a home buyer, the wisdom of buying into a certified green project is undeniable.
Tips for investing in sustainable housing
Buying a residential property is a major financial investment but also a very emotional decision. This is the place where you and your family will build a home. It is vital that the environment is clean and nourishes a healthy lifestyle. Only by opting for sustainable resources can you cut down on your energy needs and reduce your carbon footprint on the earth. Your home is your personal space, but it is also your legacy and contribution to future generations. Investing in a green home can help optimise your ROI on the investment and give you a better quality of life.
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