Sustainable real estate is a topic most folks are not comfortable with, yet. As such, we have a long way to go to understand the pro’s/con’s and benefits.
Case in point is the chart on sustainable real estate ideas below. 52% of people surveyed by reputable John Burns Research are not familiar with tax credits and deductions for clean energy. But if you peruse thru the Inflation Reduction Act there’s an entire section dedicated to sustainability.
And in the National Association of Realtors (NAR) 2023 REALTORS Sustainability Report, about sustainable real estate consumer responses shed more light on this:
* Importance of green home features considered important:
– Windows, door, and siding (39%)
– Proximity to frequently visited places (37%)
– Comfortable living space (37%)
– A homes utility bills/operation cost (25%)
* Sustainable real estate consumer interest:
– 48% were somewhat or interested
* Solar Panels:
– 34% said properties with solar panels increased the perceived value of a property
* Comfort about discussing a home’s performance:
– 34% were comfortable answering questions about a homes performance
– 26% were ‘very’ uncomfortable
More Sustainable Real Estate Nuggets
* The value of energy efficiency promotion – 63% of agents and brokers said promoting energy efficiency in listings is valuable.
* Multiple Listing Service
– 32% of said their MLS had green data fields
– 37% working in a market with MLS green data fields used them to promote green features
– 24% used the fields to promote energy information
– 14% to promote green certifications.
Now, there are plenty of ways to begin your journey into sustainability and sustainable living. To keep it simple below is a list of ideas you can review and implement…
The most important takeaway you should focus on is the cost saving you can achieve by slowly upgrading your home with more sustainable appliances, lighting and water ideas. While some folks think this is a burden, it’s quite easy. And, it may be a talking point at your next home entertaining event.
There’s a lot of sustainable real estate education available for consumers, realtors and builders. I could go on and on – and I will in future essays – but you get the gist.
Before I spend time researching my next essay – what would you like to know more about regarding real estate sustainability?
Regular readers know I became a GREEN Certified Realtor last year. This year I’ve taken more sustainable real estate educational courses on solar, Home Energy Rating System (HERS), regenerative real estate and joined my brokerages eXpCAN (Climate Action Network).
Why? First, these are ideas that can help you save a few bucks. Second, there’s a lot of neat technology behind sustainability that may expand your mind… and in the process, help you achieve your sustainable living goals.
There is an incredible amount of knowledge in this idea to explore. I’ll be sharing what I learn with you in future essays.
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*** If you’d like a copy of the NAR 2023 REALTORS Sustainability Report, my contact info is below – please reach out to me.
*** Here’s a great article about Sustainable Home Upgrades for Owners on Any Budget
*** Check out my May – Delray Beach Real Estate Market Update.
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*** Your Weekly Inventory Update ***
* 4 years ago there were over 54,000 properties available in S. Florida
* It bottomed in February 2022 at 14,485… a 73% drop
* Last week there were 27,617 available… a 102% rise in 17 months
* This morning’s Inventory is 27,588
*** Inventory is DOWN 19 of 20 weeks***
