Perks of Owning a Green Home
Published: November 2017
Author: Bank of England Mortgage Staff
Why you should join the movement?
Owning an eco-friendly home is all the buzz right now. You do not have to be the building-a-house-out-of-tires kind of person to own a green home. There are many reasons and benefits to owning an eco-friendly home. Here are some important reasons to consider going green.
Increase the Value of Your Home
No one can complain about this one. A green home is instantly more valuable to future potential buyers. It does not matter if it is a big investment like installing solar panels or something small like switching to a water conserving shower, buyers will remember it. In a competitive selling market, this will give you a heads up over competitors.
Energy-Saving Products Will Add Up
Owning an eco-friendly home means better insulation, tight ductwork, sealed doors and windows, and efficient heating and cooling. Those products combined will result in lower electric and gas bills. If you do make the splurge and purchase solar panels, you will eventually reap the benefits. Even small changes in your home can add up. The U.S Department of Energy states that if buildings were all green-improved that the U.S. would use $20 billion less energy every single year.
Decrease Your Water Bill
Going green means your water bill savings will add up. Purchasing Energy Star appliances as well as water-saving plumbing systems will consistently save you hundreds of dollars on your water bill on an annual basis. This can be especially important for states such as California, Arizona, and Nevada where water-restrictions are in place. The next time you have to update an appliance, opt for the energy conserving one.
Enjoy a More Durable Household
Recycled products do not mean they deteriorate sooner, but quite the opposite. Going green means your home will be more durable. Recycled products are inclined to last five times longer than manufactured products. This means less updates and maintenance in the future, thus more money in your pocket when you do decide to sell.
Improved Air Quality
A green home means a healthier home environment. Having non-toxic materials and purer ventilation systems mean the air is cleaner. Fresh outdoor air is continuously brought into your home. Ultimately, improved health means less spending on medical bills and insurance.
Reduction in the Use of Natural Resources
Green remodeling and building significantly reduces the waste created during the project and reuses products wherever possible. The Environmental Protection Agency estimates that building waste accounts for about 20 percent of all trash in landfills or about 136 million tons per year. Additionally, an eco-friendly home aims to have the smallest possible impact on its environment. This entails only taking down trees where necessary.
Positive Environmental Impact
By choosing green products that are made from recycled materials, you can reduce your carbon footprint; this will also reduce the amount of waste that goes to landfills. Green homes utilize non-toxic materials. Thus, when your house is built less toxic waste is emitted into the air. Ultimately, you are benefiting the environment as well as your own health.
As you can see, there are several good reasons to owning a "green home". If you have any questions at all on obtaining home financing, refinancing or general questions, Bank of England Mortgage is here to help!