Longboat Key, Florida | March 27th, 2018 – A recent survey of the National Association of REALTORS® (NAR) provides some food for thought, especially to those planning to sell their residences. It indicated that installing energy-saving devices would provide better value to their properties and put the sellers ahead on the market.
In this NAR poll, real estate professionals identified the green residential features which their clients consider as important, and the results are revealing. It indicated that half of the buyers these realtors served consider a residence’s efficient use of lighting as critical in their choices of which property to buy.
Over 40 percent of the realtors also say green features like solar panels contribute in increasing a house’s worth on the market. Other sustainability factors salient on buying decisions include a smart devices for residences (40 percent), eco-friendly community features like green spaces and bike lanes (37 percent), water-efficient landscaping for (32 percent), and renewable energy sourcing such as solar and geothermal (23 percent).
Showing HERS Counts
Local developers, builders and sellers would also catch the attention of more prospective buyers if they include the HERS rating of their properties for sale. This rating refers to the Residential Energy Services Network’s Home Energy Rating System which is the nationally recognized system for inspecting and calculating the energy performance of a residence.
Thousands of houses in Manatee and Sarasota counties already got a HERS score, as this rating is a vital component to all green certifications. For these residences already rated, it is just a matter of putting the HERS rating in the Multiple Listing Service if and when these properties are put on the market. This would be just like declaring a for-sale vehicle’s mile-per-gallon fuel consumption, a piece of information that car buyers would typically want to know first and foremost.
Residences furnished with Energy Star appliances, just like what our listing in downtown Sarasota have, likewise get plus points among buyers. These appliances notably reduce air pollutants like greenhouse gas emissions caused by the inefficient energy use. The Energy Star label enables consumers to easily identify and purchase products that offer power cost savings without sacrificing features, performance, and user comfort.
A Template in Bradenton
Mirabella at Village Green in West Bradenton is one community likely to draw buyers who are conscious on energy-efficiency. Consisting of condo villas, the residences in this community have been built in compliance with the certification standards of the Leadership in Energy and Environmental Design (LEED).
Their LEED certification indicates that these villas are 40 percent more energy-efficient than a typical new builds and 70 percent better than an existing residence. The pricing of these residences are competitive as well and ranges in the $300s and the $400s for choices of villas with two to three bedrooms and two baths within floor areas ranging from 1,524 up to 1,764 square feet.
Solar Drives Polo Run
Another new community which harps on its sustainability features is Polo Run, which is touted as the first solar community at the master development of Lakewood Ranch. A project of national homebuilder Lennar, this community features houses with solar panel systems which not only creates a renewable energy source but also enhances the curb appeal of the residences.
This community offers three residential designs with floor plans measuring between 1,600 and 3,500 square feet. Its larger models are priced from the $300s up to the $500s and designed with four to six bedrooms and two to three baths. Eight sales were notched here last year, indicating that indeed residences built with green features and sustainability as a guidepost are the way to go on the market now.
Our Judy Kepecz-Hays team can share additional industry trends and insights like these which have helped our clients navigate the market. Contact us if you intend to engage the market as a seller or a buyer to learn more!