Green Building: How It Increases Home Value Over Time
Posted On: May 11, 2023
Ebony Hall, Director of Marketing & Communications
Coming Soon to Birmingham
Long-term affordability, energy efficiency, and eco-friendliness are the goals of two new homes in the Goldwire Heights subdivision of Birmingham’s North Titusville Neighborhood. The homes would be ideal for those looking to invest in sustainable living. With features such as efficient HVAC systems and lighting, these homes will not only help you save money over time but also increase value over time.
For many home buyers and sellers, the concept of green building may be a vague one. But with increasing awareness of environmental sustainability in the public consciousness, green building is quickly becoming a popular trend among homeowners and those looking to purchase a home. But what exactly is green building? Why should you consider choosing it for your own home? And how does green building increase home value over time? In this blog post, we’ll answer these questions and more so that you can determine if green building is right for you.
What Is Green Building?
At its most basic level, green building is a construction process focused on minimizing environmental impact and improving energy efficiency. If a building has been designed and constructed according to these principles, it is considered to be “green.” This type of construction often includes factors like landscaping, water conservation, waste management, energy-efficient lighting systems, insulation techniques, HVAC systems, air filtration systems and renewable materials.
Why Choose Green Building Over Traditional Construction Methods?
When you choose to build or remodel your home using green building methods, numerous benefits come along with that choice. These include improved air quality inside your home due to use of non-toxic materials like paints and sealants; improved energy efficiency through the use of alternative energy sources like solar panels; decreased water consumption due to efficient plumbing fixtures; decreased reliance on fossil fuels through the incorporation of renewable materials (like bamboo) into the construction process; less strain on local resources through recycling programs; and potentially lower maintenance costs down the line since many green features require little upkeep once installed. Additionally, by choosing green building you may also receive tax credits from both state and federal governments for implementing certain sustainable measures in your project.
How Does Green Building Increase Home Value Over Time?
Perhaps the greatest benefit of opting for a green build or remodel is its potential to increase your property value over time. According to data analyzed by real estate industry leaders Redfin and Zillow, homes built or remodeled with sustainable features tend to appreciate at a faster rate than those without such features. For example, when compared with traditionally constructed homes sold within the same market between 2005-2009, homes certified as “green” appreciated an average of 17% more after five years. Furthermore, properties featuring Energy Star appliances were found to appreciate 9% more over five years when compared with similar properties not featuring Energy Star appliances– meaning that even small adjustments such as swapping out your old refrigerator or dishwasher can yield big returns in terms of increased property value down the road!
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