Learn How To Start Investing In Real Estate
Learn How To Start Investing In Real Estate

The Next Big Thing In Commercial And Residential Development: Sustainability

Written by Than Merrill

In a world where technology makes almost anything possible, there is no excuse not to “go green,” especially as a residential or commercial redeveloper.

Commercial and residential redevelopment is causing the real estate industry to undergo a change – a shift in sentiment, if you will.

Long gone are the days of big homes with a large number of small rooms, as homeowners are opting for open floor plans. Long gone are the days of everyone preferring to live in the city over the country, as more and more millennials are moving from urban areas to the suburbs. And long gone are the days of homeowners wanting luxurious appliances, as sustainability and energy efficiency is drastically gaining popularity.

What was considered “important” 10, 20, or 50 years ago, is not necessarily considered as important today.

Why Commercial And Residential Redevelopment Needs Sustainability

With problems like global climate change and the U.S. relying on other countries for its oil supply, it is essential to put “going green” at the top of everyone’s to-do list. Where can this change be adopted? In the commercial and residential redevelopment.

Going green” not only benefits the economy, community, and environment, but it also helps investors and homeowners. Residential and commercial redevelopers who include sustainable features in their rehabs are able to sell that property faster and for a higher price. Homeowners who embrace sustainability save thousands on their energy bills and improve their overall quality of life.

If you are interested in the multitude of other ways “going green” is beneficial (or you are simply looking for ways to become more environmentally conscious), this infographic has everything you need to know:

Real estate sustainability