If you’re looking to buy a rental property, you might want to think about getting on the green bandwagon. There are many benefits of being an eco-friendly property owner. Take a look at just a few of them:
You can charge more. Buying green property can be expensive but it pays off by allowing you to charge more rent. And if you make green home improvements yourself, you may actually be able to really profit from going green.
You appeal to a niche market. In addition to getting the attention of a general real estate market, you will get specific attention from the growing niche market of renters who want to live in a sustainable home.
There are tax credits. The terms depend on the specific eco-friendly aspects of the home but you can get some tax breaks by being a green property owner.
Your home will rise in value. Green is an area of real estate that is getting significantly more popular. While the rest of the housing market is in trouble, green properties are rising in value.
You can sleep better at night. Eco-friendly actions allow you to know that you’re doing your part for the earth.
Green is in right now and it’s only growing as a trend. By investing in green property now, you’ll not only reap immediate rewards but you’ll benefit from the future sale of your home and the earth will benefit as well.