With a rise in the benefits of ESG in the marketplace, it is safe to say that its stronghold is here to stay for years to come. ESG has been an important focal point for real estate investors when doing business for its beneficial bottom line capabilities & qualities that benefit the economy. With the consumption of natural resources at an all time high, switching to ESG alternatives for real estate developers is both an altruistic & bottom line benefit for asset holders or owner operators in both commercial & residential real estate.
Investors that take initiative now to implement sustainability into their current strategies will be at the forefront of their industries and have longevity into the future of their sector. Green homes tend to sell for more than homes that are non-sustainable. Research has shown that homes with high energy-efficiency ratings sold for 2.7% more on average in comparison to homes that lack efficiency. Some homes even sold for a premium of 3.5% to upwards of 9% more compared to average homes with less updated energy efficiency.
With energy costs rising every single year it comes to no surprise the demand in the marketplace for sustainability is there. Nonetheless there is an obvious trend for consumers to lean towards energy efficiency — as a developer it is in your best interest to meet the needs where demands follow. Get ahead of the game and start implementing sustainability to reduce your carbon footprint and increase your organization’s demand in the marketplace.
This post is based on the opinion of writers at Real Estate Today