Rick Merlini

Green Home Benefits from a Foreclosed Home

Buying foreclosure home is an opportunity to go green. Not only do you decrease the demand on materials like trees and natural products, you also help the environment by remodeling it into a green home. Learn some of the advantages of buying foreclosed home and turning it into a green home.

Often times, people consider buying foreclosed home as a way to get great value for owning a home. But believe it or not, buying foreclosures can also be a way to go green. HOW?

First off, buying an existing home instead of building a new one decreases the demand on material like trees and other natural products that it takes to build a new home. 

Secondly, most foreclosure that I have seen is in need of repairs. It is because of these needed repairs which is why they are price so well. When you buy a foreclosure and start making those repairs, choosing environment-friendly material and designs is a way to make it greener than it was before. 

Here are some advantages if you decide to go green when you renovate your foreclosed home: 

1. Lower utility and water bills. Having energy-efficient appliances in the kitchen and media room can reduce monthly utility bills. Tankless water heaters mean less time and water wasted waiting for water to warm up in the sink or shower. 
2. Healthier indoor air quality. Green-certified homes offer reduced exposure to mold, mildew and other indoor toxins. This is especially beneficial to sufferers of asthma and bronchial disorders. 
3. Tax benefits. DSIRE is a database of state incentives for renewable energy and energy efficiency. Through the Energy Policy Act of 2005, the U.S. government offers several tax breaks and incentives for efficiency upgrades to homes. The Department of Energy offers federal tax incentives. The USGBC lists local tax breaks. The Environmental Protection Agency (EPA) also offers sources for green funding, as does the Energy Star program. 
4. Higher real estate resale value. According to an article in Business Wire, on the one-year anniversary of the Northwest Multiple Listing Service's addition of green-design search features to its property listings database, analysis shows that new and existing green-certified homes in King County sell in up to 18 percent less time and for 28 to 37 percent higher value per square foot. 
5. Improved durability and less maintenance. Certain green building materials, such as bamboo floors, are easy to clean or require less maintenance than traditional carpet flooring. 
6. Reduced waste sent to landfills. Modular homes are built in factories that recycle the waste generated during the construction process and leave less waste at the construction site. Many green homes often use recycled building materials. 
7. Enhance and protect biodiversity and eco-systems. Using xeriscaping and native landscaping reduces needed irrigation. 
8. Conserve and restore natural resources. Harvesting gray water saves on water bills. Composting saves money ordinarily spent on fertilizer and sends less waste to landfills. Alternative energy sources means a home neither contributes to rolling blackouts nor is it as badly affected by them. 
9. Better for the environment. In the U.S., homes are responsible for 21 percent of the country's greenhouse gas emissions, according to the USGBC. Living in a green home means that you are helping reduce the causes of climate change. Using local materials means less fuel is used when shipping exotic materials from other countries and ensures fair trade and labor issues. 
10. Optimize life cycle of a home. The greenest homes are sustainable, meaning they are built to last and work effectively for generations.

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