Green Matters in Real Estate!
Your clients want to hear more about green real estate and why it matters, surveys show.
Whether they’re first-time buyers or existing homeowners, consumers are showing more desire to learn more about environmental matters in housing.
Indeed, 61 percent of homeowners have researched energy-efficient improvements, according to the Bank of America Homebuyer Insights Report. Eighty-six percent of homeowners say they have some type of energy-efficient product in their home.
And it’s not just a young generational thing. That same study shows that 93 percent of seniors say they have energy-efficient products in their home compared to 78 percent of millennials.
Indeed, more than half of REALTORS® say that their consumers are showing a greater interest in real estate sustainability issues and practices, according to NAR’s REALTORS® and Sustainability report, which stems from NAR’s new sustainability program. More multiple listing services are adding data fields to spotlight a property’s green features as well.
The green home features REALTORS® say their clients are showing the most interest in involve a home’s efficient use of lighting; a smart or connected home; green community features, such as bike lanes and green spaces; landscaping for water conservation; and renewable energy systems, such as solar and geothermal.
Housing experts offer up several ways homeowners can be more green with their homes and save money to boot, including:
- Upgrade leaky windows: About one-quarter of a home’s heat loss during colder months is due to the windows and doors. Buying energy-efficient windows can help to improve thermal insulation, preserve energy, and reduce noise and dust in the home, according to Ply Gem, an exterior building product company.
- Insulate walls and attic: An extra layer of insulation will help curb the work that your heating and cooling systems have to do, according to the BofA report.
- Improve the heating system and A/C unit: Air conditioning alone eats up more than 8 percent of all the electricity produced in the U.S. Heating accounts for 30 to 50 percent of annual energy bills and is the largest energy expense in most homes in moderate and cooler climates. A more energy-efficient system can help curb costs.
- Opt for vinyl: Vinyl is one of the most durable, cost-effective solutions for buildings because it’s low maintenance and boasts a long lifespan. It can help save on energy and material costs too, according to the U.S. Green Building Council. Opt for vinyl siding, fence, railing, and windows.
Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come. Buyer demand is high, inventory is low driving home prices higher.
Homeowners now have a large amount of equity in their homes and may decide to sell rather than wait for the bank to foreclose.
Home sales continue to amaze industry experts, and there are plenty of buyers in the pipeline ready to enter the market.
From pre-approval to making your best offer, here are three tips to make sure you can act quickly and confidently when you find the perfect home.
Know your options! Call your mortgage provider.
Let’s connect today to get your house on the market at this optimal time to sell.
Be careful not to let big myths keep you and your family out of the housing market. Let’s connect to discuss your options today.
There are many benefits to working with a real estate professional when selling your house. Find out why.
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The housing market has made a full recovery, and all-time low interest rates are giving home buyers a big boost in purchasing power.