HomeVestors Says Going Green Will Save Investors Green


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HomeVestors has made a living out of purchasing as is properties, renovating them, and putting them on the market as rentals or homes for sale. After 15 years in the real estate industry, they have learned a from real estate investors. With the crazy stock market, wild real estate market, and roller coaster unemployment numbers, it is in the real estate investor’s best interests to buy and make ecofriendly existing homes and real estate investment properties.

Technology has rapidly developed within the last 10 years. As a result, most properties older than 2000 lack a lot of the features that can cut energy costs substantially. Tankless water heaters are one investment that will cut monthly bills in half. There is no electricity or gas wasted to keep reserved water heated to a set temperature. When the water is needed, the water heater instantly heats it to the set temperature and releases it into the pipes.

Another major ecofriendly change is to upgrade all appliances to energy star ones. Microwaves, fridges, freezers, stoves, ovens, TVs, DVD players, etc. all use lots of energy. Changing to energy star rated appliances reduces the amount of electricity consumed by the household. With investment properties, this can cut back greatly on the monthly expenses.

Lights are one of the largest energy consumers in the home. Since well-lit homes are preferred, real estate investors need to consider a few options. The first is the change all light bulbs to CFL or LED bulbs. They offer cool lighting without costing an arm and leg. Each bulb reduces energy costs by $25-75 a year. Real estate investors also need to take advantage of natural light provided by installing extra windows and skylights. During the day, this will cut back greatly on the amount of lights used. In the evening, small lamps and track lighting on dimmer switched can be used to provide ample lighting as well as set the mood.

Windows have come a long way as well in the last decade or two. Now they are available with easier casings and openings, in case an investor prefers to air out his houses. In addition, the double paned windows offer an extra gas layer between the panes that helps to insulate against the cold and heat better.

It seems crazy, but real estate investors will actually make money over time by taking on these ecofriendly tips in their investment properties.

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