Green credentials ‘important’ when buying a new home

Anyone who is thinking about purchasing a new home may wish to take its green credentials into account, as these can improve its value over time.

Gordon Miller, co-founder and sustainability and communications director of advocacy membership group Sustain Worldwide, remarked that there is an “inherent value premium” in sustainable property, particularly over the long-term.

He commented that new-build properties with green features tend to be less expensive to operate, as they are better-insulated, require less cooling and heating, and may even be fitted out with energy-efficient appliances for further savings.

“What’s more, they will increase in value faster – or depreciate less than existing homes – because they are more future-proofed than a conventionally-built existing house that will require expensive retro-fitting,” Miller explained.

However, there are several other essential factors you must consider when planning a new property purchase.

Sydney Morning Herald writer Chris Tolhurst asserted earlier this month that before you apply for a new home loan, it is essential for you to carry out plenty of thorough research.

He pointed out that most property investments achieve good capital growth after a period of at least seven to ten years, so it is best to approach your decision with the long-term in mind.

 

Keeping It Simple No Obligation no inquiries on your credit file
Provide some contact information and brief background and our broker will be in touch usually within the hour