subject: Facing The Challenges Of Green Real Estate Investing [print this page] The past three years have been a huge challenge for individuals who are in real estate investing. Mortgage markets were disintegrating primarily because many people in the industry were lax and granting loans without considering further evaluation. All of those involved had no other choice but to close record numbers of transactions considering it as a gift after so much hard work. However, after the concept of green surfaced, property investors suddenly became fearless in flooding the market just to purchase a property leaving analysts confused and scared for the outcome.
The reason for this sudden change in paradigm is that todays consumers are smarter than before. Every consumer is a witness to utility bills rising every month. Most homeowners have settled with the conviction of leaving more than just money, for legacy. They want to contribute something more like addressing global climate issues. The new concept of being environmentally-friendly took real estate investing into a whole new platform.
Smart buyers today are looking for eco-friendly real estate investments. Homeowners are getting more concerned about indoor air quality. Kids learn a wide range of recycling programs in school and they come home to bring this idea to their parents. As mentioned, another issue that pushed many individuals to move towards green homes are the escalating utility bills.
In a recent survey conducted by EnergyPulse.org, more than 50% of buyers who bought properties last year said that they know very little about energy conservation. Nevertheless, they want to look for more ways to learn energy-efficient techniques. Real estate investing professionals should be responsible in guiding their buyers to green local resources. For instance, investors can extend an extra hand to individuals by introducing them to green mortgages, tax benefits, renewable energy installers, and green contractors.
Every individual has his own motivation for joining the green bandwagon. Many feel that we are siding with our enemies to purchase foreign oil. Others cant help but care too much about whopping utility bills which can double in 20 years! Those who live in areas with abundant natural resources feel that maybe its about time to use what they have. For instance, South Dakota and North Dakota have enough wind power to sustain electricity for the whole America. Florida is also blessed with a wide range of solar advantages. The amount of rain that Oregon gets can be shared with some parts of Georgia.
In less than 10 years, we will all be moving towards a greener industry. For more tips on green real estate investing, go to www.rehab-real-estate.com.
