If you’re buying a home for the first time, investing in an energy-efficient home could be a savvy financial move.
Energy Star-certified homes use less energy, and you can save money on utilities when you purchase a “green” home. While green homes may cost more to build, you can easily earn back your money by saving on utilities.
Energy-efficient homes are also known for having better indoor air quality and higher resale values. If you ever decide to sell your home, it will be worth more if it has been certified as energy-efficient.
While spending more money on a home that’s been outfitted for efficiency may mean waiting to add on the deck or pool you always dreamed of, purchasing an energy-efficient home is one of the best investments you’ll ever make.
Here’s what you need to know about purchasing an energy-efficient home.
Find the Right Agent
If you want to purchase an energy-efficient home, finding the right real estate agent is one of the most important things you can do.
You can ask potential real estate agents if they have any experience selling green homes. Credentials to look for include the National Association of Realtors (NAR) Green Designation or the EcoBroker designation.
Having the right agent on your side can make finding an energy-efficient home that you love much easier.
Take Out an Energy-Efficient Home Loan
If your dream home was built before energy-efficiency became a priority, you can apply for an EEM to cover the cost of any improvements that make your home more energy-efficient.
Anything you do to make your home more energy-efficient can be covered by the mortgage. Even if your home is an energy-sucking vampire, you can transform it into an environmentally friendly abode with the help of an energy-efficient mortgage.
Know What to Look For
When you are scouring the internet for listings, there are a few keywords to look for that indicate the home is energy-efficient.
Third-party green certifications and energy-efficient upgrades or audits mean that the home in the listing is energy-efficient.
If you are interested in a home but don’t see any mention of energy-efficiency in the listing, don’t be afraid to ask the seller. Many sellers and agents don’t include energy-efficiency certifications in their listings.
Purchasing an energy-efficient home can help you save money and live more comfortably. You can look at the previous owner’s past utility bills to determine if the home is a worthy investment. Energy-efficient homes are better for the planet, your health, and your bank account.