What Is “Greenhabbing” and Why Should You Care?

August 16, 2012 in Guest Posts, Investing In Real Estate

 

I have a guest post today from my friend and fellow Louisville real estate Investor, Eric N. George. Eric's company Progress Property Solutions is a leader in the Louisville market where “greenhabbing” is concerned. Greenhabbing or “green rehabbing is not only good for the environment, but it saves the homeowner money every month at the same time.

I think you are going to love hearing about how this real estate investor has managed to set himself apart from all the other rehabbers in our area.

 

Greenhabbing

“Greenhabbing” or green rehabbing (eco-friendly, energy-efficient, sustainable, etc) means taking older homes and renovating them so that they, are well-insulated and air-sealed, have high-efficiency HVAC equipment, manage moisture and drainage properly, and feature some sustainable aspects, such as recycled materials used in flooring or cabinets/counter tops, etc.

If you’re an investor and in the business of rehabbing or renovating properties, you have a huge opportunity to not only increase the beauty, functionality, and character of the properties you buy, but also the health & safety, comfort, durability, and energy-efficiency as well.

Will greenhabbing a home cost you a little more up front? Yes, it can, but not always, and keep in mind that research has shown that savvy buyers are willing to pay a small premium for homes that incorporate these aspects into them.

So what’s a good example, you ask? Read the rest of this entry →