Preferred Client News March 2008
Every day we hear more and more discussion regarding the environment and the topic of going green. Now, it seems it has even made its way into real estate.
Those homeowners who choose to undergo environmentally friendly home improvements when renovating their homes will likely see a solid return on their investments when the time comes to sell. Such improvements have recently climbed to the top of the shopping list for many buyers. In a recent survey, 72 % of those Canadians that responded said they will look for a green-improved home in their next purchase.
At the same time, 63% of those who responded said they would pay more for a home that was indeed environmentally friendly. Of those, 62 % are willing to pay between $5,000 and $20,000 more for green features, with 7% willing to pay $20,000 or more.
Indeed, our homes have a huge impact on the environment. The use of high-efficiency windows and appliances, high-efficiency furnaces and water-conserving fixtures are a few of the items that are receiving a lot more consideration on the part of consumers now, than as recent as just a few years ago.
Environmental concerns and choices are impacting us in all aspects of our lives. From the way we carry out our jobs, to the vehicles we choose to drive (or not to drive), to the type of produce we buy and where that produce was grown. Eco-friendly home buying decisions are the natural progression of this movement towards a greener world for tomorrow.
Check out these sites to learn more:
If you have real estate questions or are just seeking advice, don’t hesitate to give us a call. And of course, if you have friends, family or co-workers considering purchasing or selling a home, you can be rest assured they will be in good hands by referring them to The Burke Group.
