Friday, April 6, 2012

Reasons Why Green Real Estate Has Become So Popular

Green real estate involves building a house in a way that ensures that it consumes as little energy as possible. Furthermore, the materials that are used in building the house should be environment-friendly. The house should also incorporate alternative sources of energy that are known to be friendly to the environment. There are a number of reasons why this type of real estate is so beneficial to the home owner or the real estate investor. For starters, going green will ensure that one is in very good books with the government. The governments of various countries are encouraging individuals to go green in every aspect of their life in order to reduce the carbon footprint. One of the encouragements offered are tax credits as well as write offs on green products. A real estate investor who is able to use energy efficient doors or even windows will get a tax credit from some governments. Also, in some countries, homeowners get a certain percentage of tax credit on their home if they install solar panels as an alternative source of energy. The second benefit is that green homes are very popular with buyers and renters. Most buyers would like a home that will help them to save on their energy consumption. This is because it will mean that they will pay less every month in terms of energy bills. Furthermore, it will mean that they will be able to play their part in conserving the environment and lowering the carbon footprint. Therefore, green homes are literally flying off the market while houses that do not use these principles are experiencing a downturn. Green homes are beneficial for homeowners who would like to live in their house and not necessarily rent it out. This is because it will help them to save a lot in the long term. Energy costs will be significantly reduced and they could end up paying nothing in terms of energy bills. In fact, they could generate more energy and 'sell it' to energy companies in the form of credit on electricity. Individuals who are selling their homes these days have opted to make it greener in order to make it more attractive to potential buyers. Green homes are a great selling point, and the homeowner can be sure that they will be offered a good price for their home in a short time. Those who already own a homes are installing energy saving features will help the homeowner to save money in the long run. These benefits are the reason why green real estate is the investment of choice for most individuals.