According to recent statistics, over five million US homeowners put their homes on the market for sale each year. While some homes sell quickly in just a few weeks, others can go for months without attracting any offers. Making home improvements before listing your property is one of the best ways to increase its resale value and make it more appealing to potential buyers.
Since not all upgrades give a high return on investment when you sell your house, you should determine what improvements will positively impact your home’s value. For instance, green upgrades can significantly increase your home’s value and help you sell faster. Also, if you want to reduce taxes when selling a house in Georgia, you can get tax credits by investing in greener home upgrades. In this post, we’ll look at some of the ways making your home eco-friendly before you put it on the market for sale can help it sell faster and for top dollar:
1. Lower utility bills
Utility bills represent a large portion of any household expenses. In fact, an average American spends about 7% of their annual income on energy, including gas, water, and electricity. This can result in spending several thousand dollars annually on energy bills, especially with the ever-increasing energy cost.
As more and more people look for ways to reduce their energy consumption, making your home environmentally friendly before placing it on the market can help make it more appealing to many potential buyers. That’s because sustainable homes can reduce monthly energy bills by up to 30%. Purchasing an energy-efficient home can help home buyers save even more as resources become scarce and energy costs increase.
2. Higher resale value
With the increasingly growing environmental concerns, demand for eco-friendly homes has also been on the rise. Households account for about 40% of global carbon emissions. This has made many homeowners increasingly interested in living more sustainably to reduce their household carbon footprint. In the quest to reduce household carbon footprint, the market for sustainable homes has been flourishing in recent years. The high demand and limited supply of sustainable homes for sale mean you can sell your eco-friendly home at a higher price than you paid for it.
3. Lower maintenance costs
An eco-friendly home can last for many years in the future. That’s mainly because it’s usually made using more durable building materials than traditional ones. As such, sustainable homes tend to require less maintenance, which can draw many prospective buyers, especially those looking to save money and time associated with home maintenance. Great examples of green home materials that can enhance durability include eco-friendly pest controls, resilient roofing materials that last up to four decades, and highly durable, recycled-content decking. While your green home can be more expensive than non-green homes, the reduced maintenance work and costs can make it more cost-effective in the long run.
Endnote
The last few years have seen green homes increase in popularity and demand, mainly due to their many benefits over traditional homes. Besides having low maintenance costs, green homes are more energy-efficient and durable than conventional homes. They also are environmentally friendly due to their low carbon emissions. This way, making your home more sustainable and eco-friendly can help attract many potential buyers, allowing you to sell faster and for top dollar.
