Introduction

For a long time, the real estate industry considered location as the number one factor for choosing a residential property. However, over the years, the global choices have gone through such evolution that now, every homeowner wants to invest in green and eco-friendly spaces. Apart from providing environmental and social benefits, investing in green spaces can also be a financially smart move for homeowners. 

Let’s look at some of the benefits of investing in green spaces as a homeowner:

Recycled & Sustainable Material Usage

Green spaces focus on building a sustainable life for the homeowners by using material that’s durable, eco-friendly, and reduces wastage. Oftentimes, the material chosen for building a green space is recycled, reclaimed, and locally sourced to minimize the impact on the environment, this ensures that environmentally friendly spaces come equipped with sustainable construction materials for better results, making them an excellent place to live and invest in for homeowners. 

For instance, while building an eco-friendly house, constructors may use bamboo for the foundation of a house, hempcrete for insulation, geogrid for creating and retaining stronger and sturdier wall frames, and terrazzo for building staircase, flooring, and countertops.While all these materials are sustainable in nature, and offer sturdiness to a building, they also offer the occupants a cleaner indoor environment, by utilizing environmentally conscious adhesive materials and low VOC paint options.

Natural Energy Consumption

The best part about investing in a green space for homeowners is that these houses work on the principle of natural sources of energy. So much so, that you may find yourself paying next to nothing for the day to day operational cost. Most of the times, green spaces focus on minimizing the use of artificial energy sources by replacing them with renewable energy sources such as geothermal energy for space and water heating, solar energy for electricity generation, and biomass systems for heating water to reduce the usage of fossil fuels and other non-renewable resources of energy.

Higher Property Value

As the demand for energy conservation continues to increase, and the need for building sustainable solutions for future generations increases, the need for green spaces will go up, and hence the prices of properties, both residential and commercial will spike. Due to their energy efficient properties, green spaces will fetch higher rent and resale value for the homeowners. The buildings are not only eco-friendly but durable too. So, investing in green spaces right now is a smart move for homeowners.

Multiple Long-Term Economic Benefits

While fetching a higher resale value makes green spaces a smart option for homeowners, it is extremely efficient in cutting down on costs in day to day life, making it a smart investment for those who believe in frugality. Due to the energy efficient resources installed in a green home, homeowners save big bucks on their water, electricity, gas, and other utility bills. Moreover, in an effort to reduce carbon footprints, tax rebates and concessions in taxes are offered to those who prioritize green spaces. Moreover, the usage of sustainable material surpasses the durability of normal houses in many cases, ensuring the longevity and quality of roofs, staircases, floorboards, walls, and the house. This ensures that a homeowner is able to save money on regular repair and maintenance of their house.

Numerous Health Benefits

Yes, the economic benefits of owning a green property with high resale and rental value are immense, but have you even considered the health benefits that it’ll bring to you and your family as a homeowner? According to a research done at University of Exeter, there’s a positive correlation between residing in green spaces and the well being of an individual. 

According to the study, an individual’s physical, emotional, and mental health improved when they came in regular contact with nature. People living in and around green spaces reported feeling happier, having a more positive outlook on life, and a strong reduction in stress symptoms, blood pressure, cholesterol, and even type 2 diabetes, resulting in lower rates of mortality.

Conclusion

In conclusion, investing in green spaces is not only an economically sound decision, but also helps homeowners contribute to a sustainable way of living by reducing their carbon footprint, one step at a time. Not only can you contribute to the social well being of future generations, but also take care of your community, and your loved ones, by choosing eco-friendly homes that offer opportunities for energy conservation and appropriate utilization of appliances inside of and around your home to build a healthy life, both physically and economically.

Photo Credits: https://unsplash.com/photos/brown-and-black-wooden-house-TiVPTYCG_3E