The Australian Government has proposed a new Energy Efficient Star rating scheme to be introduced from 2012. The proposed scheme will require that homeowners provide performance information on their energy and water consumption, as well as greenhouse emission levels, to prospective buyers and renters. That is, all homes being put up for sale or rent will have to be assed for a Energy Efficient Star rating before they are sold or rented out. It will require a $200 fee to have your property assessed...
The financial implications for older dwellings and €McMansions€ property owners could be significant. Depending upon the outcome it may come down to a choice between spending on a €green renovation€ or facing the possibility of a lower sale / rent price for the property.
If you are a landlord, now is the perfect time to apply some simple strategies to make your property perform better in areas of cost efficiency and comfort for your tenants.
Green landlords are appearing in greater numbers across Australia - some being motivated by strong environmental awareness; others are being attracted by incentives like tax breaks, rebates or increasing the overall value of their property.
Besides the individual motivation, there is a variety of reasons to go green:
€ Investing in sustainability can increase your property's resale value
€ Some of the changes you could make are tax deductible
€ Sustainable homes are the future of the Real Estate Industry. Consumer demand, government incentives and new policies are making this happen.
€ Researches showed that 62% of home buyers/ tenants wanted the house they were buying or living in, to be eco-friendly*
€ Your property will become more attractive to new tenants making it easier and quicker to rent out
€ Generally, green homes are healthier, more comfortable, more durable, more energy efficient and have a much smaller environmental footprint than conventional homes and therefore more valuable.
€ If the tenants don't have to spend a lot of money heating and cooling the property, they're less likely to move out and they're more likely to look after it.
€ Having long-term tenants looking after a place means better potential returns.
Now that you are convinced that improving the environmental performance of a rental property is a good idea, we have put together some tips for becoming energy efficient:
€ Install awnings on north and west facing windows
€ Install efficient showerheads
€ Install lined curtains and pelmets or window film.
€ Install a dishwasher to reduce water use
€ Replace electric with gas or solar hot water systems
€ Install a more efficient heating and cooling system
€ Block draughts and seal gaps
€ Install efficient light bulbs throughout the house
€ Install a clothes line, so the tenants don't need to rely on a clothes dryer
€ Add fitted water saving devices to all taps
€ Install a dual flush toilet
€ Install insulation
€ Install a rain-water tank
Owning a property is a long-term investment. It is therefore important for landlords (and tenants) to take notice of these important and necessary changes, which seek to make improving energy efficiency attractive and financially viable to both tenants and landlords.
The financial implications for older dwellings and €McMansions€ property owners could be significant. Depending upon the outcome it may come down to a choice between spending on a €green renovation€ or facing the possibility of a lower sale / rent price for the property.
If you are a landlord, now is the perfect time to apply some simple strategies to make your property perform better in areas of cost efficiency and comfort for your tenants.
Green landlords are appearing in greater numbers across Australia - some being motivated by strong environmental awareness; others are being attracted by incentives like tax breaks, rebates or increasing the overall value of their property.
Besides the individual motivation, there is a variety of reasons to go green:
€ Investing in sustainability can increase your property's resale value
€ Some of the changes you could make are tax deductible
€ Sustainable homes are the future of the Real Estate Industry. Consumer demand, government incentives and new policies are making this happen.
€ Researches showed that 62% of home buyers/ tenants wanted the house they were buying or living in, to be eco-friendly*
€ Your property will become more attractive to new tenants making it easier and quicker to rent out
€ Generally, green homes are healthier, more comfortable, more durable, more energy efficient and have a much smaller environmental footprint than conventional homes and therefore more valuable.
€ If the tenants don't have to spend a lot of money heating and cooling the property, they're less likely to move out and they're more likely to look after it.
€ Having long-term tenants looking after a place means better potential returns.
Now that you are convinced that improving the environmental performance of a rental property is a good idea, we have put together some tips for becoming energy efficient:
€ Install awnings on north and west facing windows
€ Install efficient showerheads
€ Install lined curtains and pelmets or window film.
€ Install a dishwasher to reduce water use
€ Replace electric with gas or solar hot water systems
€ Install a more efficient heating and cooling system
€ Block draughts and seal gaps
€ Install efficient light bulbs throughout the house
€ Install a clothes line, so the tenants don't need to rely on a clothes dryer
€ Add fitted water saving devices to all taps
€ Install a dual flush toilet
€ Install insulation
€ Install a rain-water tank
Owning a property is a long-term investment. It is therefore important for landlords (and tenants) to take notice of these important and necessary changes, which seek to make improving energy efficiency attractive and financially viable to both tenants and landlords.
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