Sustainable Home Updates by Budget

Dated: October 26 2023

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According to a Sustainability Report by the National Association of Realtors, approximately 30% of agents and brokers have incorporated eco-friendly data fields into their Multiple Listing Services (MLS) to highlight sustainable home attributes, viewing them as compelling selling points. While many homeowners may also recognize the value of such features, the primary question from consumers revolves around the initial steps to take. Not many people can afford to make the desired upgrades and changes all at the same time. Below is a detailed breakdown of eco-friendly improvements categorized by budget, along with the potential savings on utility bills.

Under $500 budget- Using energy efficient lighting throughout your home by changing all lightbulbs to LEDs potentialy saving an estimated $200.00 per year. Installing a smart thermostat can save up to $100.00 or more on an annual basis.

$1500 budget- Installing 5 to 8 double pane windows can save around $600 per year in combined utility cost savings and elibible tax credit.

$5000 budget- Heat pump water heater can save about $550.00 annually for a family of 4, and they have about a 13 to 15 year life span.

10,000 budget- Rooftop Solar Panels can cost about $9,500 for an average system, but can save up to $960 per year in energy costs.

There are pros and cons to making changes, so do your research on the cost benefits before investing in new systems, and know your local regulations. For some people, these changes are beneficial both in the short term while they live in their homes, and in the long term when it's time to sell.

If you have questions about these and other upgrades to your home, please feel free to reach out with questions. My team and I are happy to help.

#realestate #ecofriendlyupgrades #sustainableliving #greenhomeupgrades #budgetinghomeimprovements #homevalueenhancement #thenobleteamdmv #exprealty #askyouragent #southernmarylandrealtor #southernmarylandhomes

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Holly Bednar

I was born in Maryland and after growing up in a military family, and living all over the continental United States, I returned to Maryland eighteen years ago and married my childhood sweetheart. We h....

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