What is a Green Home and What Makes Them so Special?
Homes are becoming more and more greener, as huge initiatives are being made for introducing sustainable aspects into conventional construction projects. “Going green” is surely an idea worth considering. Its benefits can have a lasting influence for generations. Nevertheless, what are the pros and cons of fully supporting eco-friendly housing trends? More pressingly, are green homes the next development in the real estate industry?
There doesn’t seem to be a single housing element kept unchanged by the green movement. Greener communities are being constructed, even in urban areas, construction materials and protocols are becoming more sustainable, incentives are being endorsed for those that become more energy efficient, and a lot of these features are sought-after.
Nevertheless, way too many homeowners, home buyers, real estate investors and agents still don’t completely understand the overall picture. There is a lot that goes into the construction of green homes. Prior to you considering them a possibility for your investment business, it is vital to acquaint yourself with the pros and cons they provide:
3 Pros of Green Homes
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Cost Savings
Going green offers countless economic benefits. In a lot of locations, current homes can receive 1,000’s of dollars in rebates from local governments for having featured installed such as rainwater collection systems and solar panels. The most advanced green homes, in the right locations, can achieve zero utility bills (obviously you still require rain and sun for these to work). Combined, these savings might add up to hundreds of thousands of dollars over the lifespan of the property.
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Saving the Planet
Not everybody places attention on the environment, however, green homes make a big difference. Their features significantly decrease our carbon footprint. One organization estimates forty percent of worldwide primary energy consumption and twenty-five percent of carbon dioxide emissions actually come from existing structures, not vehicles. Consequently, clean energy built into homes and used for producing homes can significantly decrease pollution and retain resources.
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It’s a Must
Whereas some sustainable and energy efficient characteristics may be optional, increased guidelines are going to exclude a lot of choices down the road. Doing it correctly the first time, when restoring a property, might improve overall returns down the road. For real estate agents, being socially conscious and environmentally mindful can go a long way in confirmation and public opinion.
3 Cons of Green Homes
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High Costs
Whereas it is true that energy efficient characteristics can save a lot of money, and many property designs have achieved inexpensiveness, it would be deceptive to say going green was always less costly. Do your math carefully prior to making changes. Whereas some additions do save money down the road, initial costs can be considerable.
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Liability
One of the least acknowledged benefits of new materials being utilized in construction and interior design presently is how healthier they could be. Obviously, in contrast, there are a lot of new materials being re-claimed for implementation in homes which have not been assessed long enough to verify that they are safe for living with. Be sure you complete your assessment and don’t end up with a lawsuit in the future. Utilize materials that have been verified safe to avoid any problems.
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Financing & Permitting Challenges
Sustainable designs are being pushed to new heights, as a lot of creative concepts are appearing on college campuses and in the media. Nevertheless, these can present huge surprises when it comes to acquiring a mortgage loan or even construction permits and Occupancy Certificates.
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