Thinking about getting green certification for your property? Do you think it's worth it? Have you thought about the advantages or benefits it can provide you? How would you like to be among the 79% of property owners expected to build green properties by 2018? If you answered yes to these questions, read the rest of the article to learn the benefits of green certification for your property.
Reduced Operating Costs: High operating costs always burden the pockets of property owners. And to think that property ownership is something that can help shape one's future, reducing running costs can clearly help save more. There are many studies that support the fact that green buildings are known to have a payback of around seven to eight years depending on the types of improvements made related to energy efficiency, sustainability and aesthetics. According to one study, operating costs can be reduced by up to 13%. And if an owner converts their property to a rental, they can earn a higher profit margin by charging a premium rent over non-green certified competitors.
Reduced vacancy rates: Owners who want to secure their children's future are likely to choose to convert their homes to rental properties. And by doing green renovations, there is an increased chance that the property will always be rented. They are 4% lower compared to rental properties that do not have green certification.
Increase in investor interest: Green buildings consistently score high in terms of energy efficiency. They also show a consistently high rate of tenant retention, which causes investors to flock to them. In such a case, if an investor wants to add your property to their portfolio, it becomes an immediate proof of their company's commitment to sustainability. It gives them a point for shareholders who are always looking for ways for the company they invest in to be socially responsible. Therefore, make sure your property is green certified. It's proof more than the features you'll brag about that it's green!
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