The American people have spoken, and they are demanding more sustainable building materials.
Unless you’ve been living under a rock, you’re most likely familiar with the phrase “going green”. More and more people are caring more and more about reducing their carbon footprint and creating a sustainable world. This trend is heavily impacting homeowners (and buyers), meaning it is heavily impacting the real estate industry and investors.
If you want to future-proof your business and stay ahead of the competition, it’s time to jump on the green bandwagon.
The smartest investors always do what is best for their bottom line. They mind their due diligence, run the numbers, and ultimately make decisions based on what will best pad their pocket books. While this is certainly not a bad approach, it tends to be the reason why some investors shy away from green building. It is important to keep in mind, however, that while green products may be more costly up front, they tend to pay for themselves (and therefore often tend to be cheaper) in the long run. Here’s why:
Why Sustainable Building Materials Are The Way Of The Future
Installing extra layers of insulation or weather proofing windows with specialized glaze will deplete more of your resources to start. But because energy efficient appliances and materials lead to lowered costs of heating and cooling a house, homeowners recover that money deficit in a relatively short amount of time.
How does this benefit investors? That’s simple: You can charge more for properties which have prioritized sustainable real estate development practices. In fact, homes built with sustainable materials sell for up to 8.5 percent more/square foot than homes without green materials and are on the market 22 percent less time than other homes according to USA today.
If you’re convinced to take your real estate investing business in a green direction, start by utilizing these 7 sustainable building materials:
