For a wide variety of reasons and in spite of continuing low levels of inventory, real estate consumers have decided a green home is an important option as they contemplate which home they want to purchase. Whether due to allergies, a desire to lower energy bills, or just to create sustainability; giving your home an environmentally minded upgrade can not only be better for your health and finances, but it can also improve the value of your home when it comes time to sell.
A conversation with your local RE/MAX Alliance Associate is a good starting point for information to discover just how much of an impact certain green elements may have to enhance your resale value.
If you are one of the buyers who spent February searching through the 6904 available listed homes for sale in the Colorado front range area with whom energy efficiency ranks near the top, here’s good news. If you purchased one of those 4817 sold and closed homes but it didn’t quite check all the green efficiency boxes you were hoping for? There are many things you can do that aren't out-of-bounds expensive or all that time consuming to take things up a green level.
With average sales prices of $502,730 and just 51 Days on Market, you can dig right into being green by implementing something as simple as using natural household cleaners instead of chemical-based ones.
In resale homes, you can begin with energy-efficient lightbulbs, replacing older windows, upgrading insulation and even growing your own herb garden.
Builders, aware of buyer preferences, are increasingly incorporating smart technology features and ever more energy-efficient technologies into the new homes they are building.
With consumers placing a high value on the healthier environment created by green practices, along with the financial value these features add to home resale prices, homeowners are finding greater green solutions available in home improvements products and remodel opportunities.
Real estate trends across the state indicate that homes were a bit more affordable because of declining mortgage rates combined with rising pay. The current strong economic outlook suggests people are earning more money while spending less to pay off home loans, so the market should remain strong with sale prices continuing to rise.
No matter where you live along the front range or what budget you can afford, there are so many options to choose from to begin making your home green!