The concept of investing has evolved, along with the entire real estate landscape. While rehabbing is still a popular exit strategy, it too has seen many changes come its way. In today’s modern age, both investors and prospective buyers are becoming increasingly interested in green building practices. Otherwise known as greenhabbing, flipping a house with “green” elements is associated with a myriad of cost-saving benefits.
“Commercial and public property owners are looking to smart building technology to boost operational efficiency, achieve energy savings, improve capital planning and reduce their carbon footprints,” says Dan Probst, Jones Lang LaSalle’s chairman of energy and sustainability services. “These advantages, combined with tenant preferences for smart building features, provide a competitive edge for owners and investors.”