Homebuyers Persistently Pursuing Green Homes
For at least the past two decades, the crusade for homeowners to be more eco-friendly has been escalating. According to a report from the National Association of Realtors (NAR), 59 percent of agents surveyed said their clients were very or somewhat interested in sustainability. Additionally, 70 percent of residential and commercial agents said promoting sustainability in their listings is either somewhat or very valuable.
The report surveyed Realtors about sustainability issues in the residential and commercial real estate markets and the preferences they are seeing in consumers in their communities.
The factors considered the most important to buyers related to heating and cooling costs, commuting costs, energy-efficient lighting and energy-efficient appliances.
Heating and Cooling Costs
It’s no wonder one of the top remodeling projects homeowners are choosing for energy efficiency is upgrading their home’s insulation, followed by HVAC replacement. With better insulation, the more resistance to heat flow a home is, which results in lower heating and cooling costs. NAR’s research study indicates 33 percent of all homebuyers surveyed consider heating and cooling costs “very important” when choosing a home
Also included in the report, 21 percent of all homebuyers surveyed deem energy-efficient lighting “very important.” Fluorescent or light-emitting diodes, (LEDs), are believed to be the best energy-efficient bulbs for interior lighting. Timers, dimmers and photocells are effective ways to further conserve energy.
Energy-efficient appliances also ranked “very important” by 21 percent of homebuyers surveyed. Making discerning choices about appliances, including in the kitchen, laundry, and even home office can directly increase the value of a home.
Out of the homebuyers surveyed 28 percent regard commuting costs as “very important” as well. The Census Bureau lists the average commute time to work in the U.S. is 25.4 minutes. As the commute minutes add up, so do travel costs like gas and car maintenance. Research by Lifehacker suggests that each mile you live from work adds $795 per year to your commuting costs. In this respect, cutting your commute from one hour to 30 minutes could save about $23,850 annually.
Along with being the trendy thing to do, increasing the number of eco-friendly homes benefits homeowners, the planet, and future generations. Better energy and gas efficiency means reducing your carbon footprint, as well as saving time and money and sustainable living makes for a healthier home for its occupants.