Sell your house? Or are you simply looking to increase the value and curb appeal of your home for when you do? Here's something you should know: Home buyers are increasingly looking for homes with environmentally friendly features.
What energy efficient features do buyers want?
According to recent data from National Association of Realtors (NAR), when buyers think about green features, they look for (see image below):
- Heating and cooling costs: 82% of buyers consider heating and cooling costs to be one of the most important factors when looking for a home. And efficient heating and cooling systems with programmable thermostats can significantly reduce monthly energy bills..
- Properly insulated windows and doors: These help maintain comfortable indoor temperatures without overloading the HVAC system, resulting in savings on energy bills.
- Energy efficient lighting and appliances: These can save money on utility bills and also reduce a home's overall energy use.
- Commuting costs and environmentally friendly community features: Living in a community designed with energy-efficient amenities and shorter commutes can reduce expenses and environmental impact.
- Landscaping for energy conservation: Strategically placed trees and shrubs can reduce cooling costs in the summer.
- Solar panels: Solar panels can also provide long-term savings and are an attractive feature for environmentally conscious buyers.
The common theme? Environmentally friendly features are popular with buyers because they help them save money and make homes more comfortable to live in. But making some of these updates before selling your home doesn't just benefit buyers — it's worth it for you, too.
How Green Features Benefit You
If your appliances or systems are outdated, upgrading them now means you can enjoy the savings and convenience while still living in the home.
He US Department of Energy has inserted Home energy rebates, which can provide homes with up to $14,000 in savings on energy efficiency upgrades. This includes insulation, duct sealing, heat pumps, and more. These rebates make it more affordable than ever to improve your home's efficiency.
Then, when you decide to sell, you will reap the benefits again. Energy efficient homes stand out in a competitive market and appeal to the growing group of environmentally conscious buyers.
Studies also show that homes with energy-efficient upgrades, such as those with high-efficiency HVAC systems or modern insulation, are more desirable to buyers and typically command a higher price. Investigation of freddy mac found that homes with high energy efficiency ratings sold for 2.7% more on average than homes without these improvements.
Work with a Real Estate Agent to Maximize Value
I'm not sure which one updates prioritize? That's where a local real estate agent come in. They can help you identify the green features that buyers in your area value most. Whether it's adding Energy Star appliances or improving insulation, they'll guide you to make the best decisions for your home and your budget.
Making environmentally friendly upgrades can pay off in more ways than one. Now you can enjoy savings on energy bills and greater convenience. Plus, you'll have the satisfaction of knowing you're contributing to a more sustainable future while adding value to your home. Ready to learn more about how you can make your the house stands out? come on connect to explore your options today.
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