Renovations that make your home green can increase it's value by upto 10%
Houses that are energy efficient are more attractive to home buyers these days. Rising energy costs are driving consumers to ask about gas bills and what's been done in the house to counter the problem.
Not only do Green renovations increase home value, they decrease monthly bills as well. A study done in Toronto showed that home values increased by 5 to 10%. An Angus Reid poll indicates that 72% of Canadians will look for a more eco-friendly home with their next purchase.
RBC Royal Bank has data indicating that making green renovations such as getting energy-efficient windows, and doors and draft-proofing the house can help save nearly $25,000 over 20 years.
The Federal Government says that homes can save upto $700 a year on their heating bill by making their home more energy efficient. They also provide programs to entice home owners rebates, discounts and other cost savings.
Joanna Pachner of BMO has an article with more.
