Listing Courtesy of CROWLEY ASSOCIATES REALTY INC.
Whether we see it as evidence of the advance of a wider green homes movement or simply of rising environmental consciousness, Dewey Beach green homes are becoming properties with a distinct marketable sales advantage. What were once viewed as altruistic gestures practiced by only the most dedicated preservationists are going mainstream—and at a rapid clip. The National Association of Realtors® recently found that 70% of those surveyed believe eco-friendly features add value to a home. In other words, the practical advantages of ‘going green’ are becoming more and more evident to prospective buyers.
For sure, one reason for the increasing popularity of green homes in Dewey Beach is a growing and sincere concern about sustainability.
But there’s also another reason: a growing and equally sincere desire to save cash!
There are in fact a number of practical reasons why green homes save their owners money—
· Tankless water heaters are one example of a technology that’s been around for a while, but which is now gathering popularity. The engineering is based on the fact that constantly storing and re-heating of a volume of water means wasting a lot of energy. Tankless units don’t store heated water; instead they pass it over coils that are only energized when hot water is needed. As a consequence, tankless water heaters can actually save their owners up to 50% on hot water costs!
· As global critics increase their cries for the conservation of fresh water, the idea that green homes can make a major difference is gaining traction. The EPA’s website lists multiple ways that green homes can save the precious resource, from WaterSense-labeled faucets and toilets to high-efficiency showerheads.
· Energy-efficient heating and cooling systems can make the most dynamic contribution to green homes. Regularly-maintained Energy Star appliances, combined with home management practices like heating and cooling only areas that are in use via programmable thermostats can make a welcome dent in the monthly bills.
Together with the ongoing wallet relief that green homes provide their owners every month, changing over to ecologically championed household appliances and practices is an increasingly practical exercise. When it comes time to sell your Dewey Beach home, too, being able to provide those penny-pinched utility bills can make all the difference to cost-conscious prospects. For more ideas on ways you can increase the value and sales appeal of your own property, I hope you won’t hesitate to give me a Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestate.com
Last week’s “Moneywatch” article on CBSNews.com was a surefire attention grabber. It promised to reveal a single “must do” tip for first-time homebuyers. The main point covered familiar ground—but within the supporting information were some facts that could nudge some Delaware renters into becoming first-time homebuyers.
Although the headlined “Don’t Buy a Home Without Doing This First” tip was good enough advice (“build your budget”), the details for how to accomplish that were hardly groundbreakers:
· Experts advise holding mortgage payments to a maximum of 28% of gross income.
· Budget for more than just the mortgage amount: allow for upkeep and extras, remembering that “rent is the most you will pay, but the mortgage payment is the least.”
· Budget no more than three to five times annual earnings…etc.
Since it’s all but impossible for Delaware first-time homebuyers to land a home without first demonstrating to lenders that the purchase makes financial sense, serious prospective buyers would already be familiar with the need to lay out some budgetary groundwork.
On the other hand, some of the supporting information was data I haven’t seen elsewhere. Delaware first-time homeowner candidates may have been feeling the impact of what was revealed, but seeing the numerical proof could be decisive. There were two sobering pieces of data:
First, in 2017, renters nationwide spent an average of $2,000 more to keep a roof over their heads than they had in similar periods. The source is a research study based on a comparison with previous typical housing markets. Whereas the 2017 median U.S. rental required 29.1% of income, in earlier periods that percentage was just 25.8%.
Second, while renting a home continues to get pricier, current owners are experiencing the opposite. They are spending less on housing payments—about $3,300 less!
Delaware renters may have suspected the first piece of news, but until now have had no way to confirm the second. CBSNews summed it up well: “It’s enough to make renters run to their nearest realtor.”
Thank you, CBSNews—I couldn’t have said it better! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestatemarket.com.