Energy Efficiency And Its Role In Today's Real Estate Market

As summer kicks off, are you contemplating selling your house? It's vital to know that buyers today value energy efficiency and eco-friendly features more than ever. This growing trend is underscored by the 2023 Realtors and Sustainability Report from the National Association of Realtors (NAR), which reveals that 48% of agents or brokers observe consumers exhibiting increased interest in sustainability.

But why should this matter to potential home sellers? Understanding this shift can help you enhance the attractiveness of your property to today's conscientious buyers. As Jessica Lautz, Deputy Chief Economist and VP of Research at NAR, points out:

"Buyers often seek homes that either lessen their environmental footprint or reduce their monthly energy costs. There is value in promoting green features and energy information to future home buyers."

Making Your Home More Attractive with Eco-Friendly Upgrades

To capitalize on this trend and make your home more appealing, it's essential to understand what green features buyers in your area are seeking. Nationally, the NAR report identifies these key green home features:

• Windows, doors, and siding
• Proximity to frequently visited places
• Comfortable living space
• A home's utility bills and operating costs

While you can't change your home's location, you can implement changes to enhance comfort and lower operating costs. ENERGY STAR suggests these upgrades:

• Heating and Cooling: Keep your HVAC system well-maintained and regularly serviced. Upgrade to a high-efficiency model if necessary.
• Water Heater: Consider upgrading to a heat pump water heater, which uses less energy.
• Smart Thermostat: Install a programmable thermostat for better temperature regulation and lower energy usage.
• Attic Insulation: Proper sealing and insulation in the attic help prevent air leaks and maintain a comfortable temperature.
• Energy-Efficient Windows: Replace old, drafty windows with energy-efficient ones to reduce heat transfer and energy bills.

Bear in mind that tax credits and rebates may be available for energy-efficient home installations and upgrades, helping to offset some costs associated with these improvements.

Real estate agents can provide invaluable assistance as you prepare to sell, helping you identify which upgrades are most appealing for local buyers and guiding you on which green features to highlight in your listing.

Emphasizing energy efficiency and eco-friendly features can significantly enhance your home's appeal to today's buyers. Partner with a real estate professional to ensure you're choosing the right upgrades for your local market.