THE ENVIRONMENTALLY (UN) SUSTAINABLE CURVE OF THE REAL-ESTATE PLAYGROUND
Investing in the right location to buy a property has become a mammoth of a concern for people nowadays. And striking a cord between a few conflicting objectives like the right price, place, locality, neighbours, etc. pushes the most significant topic off the table, environment.
Several factors are supposed to be kept in mind and once done, it’ll make the process far easier. Keep the environmental factor on the top of the list among others, given the fact that the environment is transforming at a rapid pace, it is mandatory to involve the concern in your routine decisions. A successful real estate investor would consider the following tips;
Geography: The development of the area is significantly impacted by the geography of the location if the area is not appropriate; the resident could have to go through the day to day issues like flooding etc. Hence, if one decides to invest in real estate, the rules of living for the area would change accordingly, so keep the environment factor in mind here.
Air and Water Quality: people with time have started to take the quality of the water they drink and the air they breathe pretty seriously. You would not want to live in a space that may be hazardous to you or your family. One of the major factors of the decreasing quality of air and water has been the constant clogging that our cities face today; the balance of proper habitation is being compromised. So if you come across a property that is comparatively cheaper than the others, make sure you have made all the necessary checks about these concerns, the property rates have witnessed a major fall due to these issues in the localities or the buildings.
The areas with a higher quality of water and air have for long now fetched better returns and the demands have been increasing as well. The access to a constant water supply is at times a pitch for a property sale considered significant by the real estate industry. By all means, these properties have prices comparatively higher today, but in ways, we stand responsible for it and today people do not think twice before buying these properties.
Weather: The habitation largely depends on the weather, if you have invested in a property that promises good weather, it will be high on return. You can rent out your property or tie-up with local hotels for a stay or turn it into an ‘Air BnB’.
Sustainable: In recent times, the sustainability factor has become a topic of prime importance. This environmental factor is an essential criterion today among the buyers who are looking for properties to buy. When we refer to environmental sustainability, it means that we can co-exist with the flora and fauna, without disturbing the wildlife or the greens of the surroundings. The ability to maintain this balance is what makes the property sustainable. It boils to the ability of the buyer to find a property of this nature and for the builder to make one of these sorts.
The present generation is emphasizing significantly on investments made on sustainable homes, these homes fetch a decent premium on being sold. An upgraded value is comparatively easier to bargain on these houses because of their commonly placed location of rural and semi-urban areas. The lands allocated to these properties are at times a part of the ecosystem naturally, and hence it is also important to ensure if the sustainability factor is intact or not.
The whole idea of sustainability is to negate the factor of a carbon footprint as much as possible. If you’re living in a greenhouse, the electricity consumption will fall impeccably. Your house will be protected by the naturally low carbon footprint surrounding the ecosystem of the house. So no matter what perspective you carry, if the concern is sustainability and the protection of the natural environment in and around your house. Hence, this is one of the chief factors to be taken into consideration when making a real estate investment.
So if you are looking to invest in real estate anytime soon, select a property that is valued decently, is bought after considering these above-mentioned factors and has gained value over its time of existence. Once you have shortlisted your property based on these factors, it’ll be easy for you to buy property keeping the environmental bend in your mind and help you explore the best eco-friendly options.