Category Archives: Green Real Estate
Women Drive Real Estate Purchases
Women are working more, earning more and buying more than they ever did. Consequently, they have a significant influence on the American economy in general, and the real estate industry in particular.
The collective buying power of US women accounts for about 85 % of all consumer purchases. When it comes to purchasing patterns, women are estimated to make 94 % of home furnishings decisions, 91 % of new homes purchase decisions, and 89 % of travel decisions.
Women’s earnings have accelerated over the last few years and they have emerged as the Chief Purchasing Officers in their households. According to IRS data, women constitute 39 % of the top wealth holders in the country. This means about 2.5 million women possess a wealth of $4.2 trillion put together. Notably, the IRS estimates that by 2050, 42 % of these women will be single or widowed. The IRS further estimates that more wealth is bound to be accumulated among women.
Another growing trend that emerged in a December 2006 study by the National Association of Realtors (NAR) was that about 22 % of homes purchased between July 2005 and June 2006 were by single women who were in the 25 to 34 age range. Women accounted for a record number of 1.76 million home purchases (1 in every 5 homes), a significant increase from 14 % a decade ago. Women’s growing success in their careers, higher education, financial independence and a desire to build an early nest on their own, are some of the reasons that have spearheaded this home buying trend.
Among the vast demographic spectrum in the real estate industry, women have become a force to reckon with. Real estate agents are increasingly taking note of their female clients and the power they wield in home buying decisions. By the influence that they bring into play in home buying decisions, women form a significant and growing market that simply cannot be ignored.
If you are considering buying a home, condo, or any other real estate, be sure to seek out the services of a local real estate agent to guide you through this complex process.
Role Of Real Estate Agent In Vacation And Second Home Markets
Second home sales have been increasing over the last few years with more people becoming second home owners. In 2005 alone, 40 percent of the homes sold were second homes. Demographics, all time low mortgage rates, and healthy rise in home prices have contributed to this development in the second home market. Besides these, a major factor that has helped augment the buying and selling of second homes is the real estate professional.
The National Association of Realtors conducted research on the profile of second-home owners in 2006. According to the NAR report entitled ’2006 Profile of Second-Home Owners’, a majority of second home sales transactions are conducted using the services of real estate agents.
The statistics are remarkable; 64 % of vacation home buyers purchased their home using the services of a real estate agent by the end of 2005 – a marked increase from less than 50 % of vacation-home buyers in 2003. Also, 65 % of investment-home buyers purchased their home with the help of a real estate agent – an increase from 53 % of pre-2003. In comparison, only 14 % of vacation-home buyers and 7 % of investment-home buyers purchased directly from builders from 2003 to 2005.
The growing role of the real estate professional is evident from the following figures:
1. Of vacation home sales made, 71 % of them were second homes and 74 % of the sales were made using the services of a real estate agent.
2. Of the investment properties sold, 85 % of them were previously owned and 62 % of the sales were made using the services of a real estate agent.
The use of real estate agents in second home sales transactions varied according to the home’ location.
1. Buyers used a real estate agent more frequently while purchasing a vacation home located in a suburb/subdivision (56 %) or a rural area (57 %) than for homes in other locations.
2. About 66 % of buyers who purchased an investment property in an urban/central city area or in a suburb/subdivision, used the services of a real estate agent more frequently than those who purchased a home in other locations.
Real estate professionals continue to be the first source of information to second-home buyers (38 % of vacation-home buyers and 34 % of investment-home buyers). The real estate professional also plays a major role when second-home owners plan to buy additional properties. If you are thinking of buying a second home or vacation home, seek out the services of a real estate agent to guide you through your next home purchase.
1. The percentage of second home owners who are more likely to use a real estate agent in their next home purchase is quite high. Among vacation-home owners it is 79 % and investment-home owners 73 %.
2. Among second home owners, 65 % of vacation-home owners and 64% of investment-property owners are more likely to use a real estate agent in their next home sales.
Given these statistics, it is no wonder that the real estate agent plays a pivotal role in helping people buy and sell second homes. So whether you are a second-home buyer or seller, enlist the services of an agent for a smooth, hassle free real estate transaction.
Top 5 Yard Upgrades To Increase Home Value?
There are plenty of research on the influence of city trees and open spaces on property values especially in residential settings. With proper landscape improvements, the economic value of a home can be increased immensely. This article focuses on the hedonic valuation of city trees which would not only benefit developers and home buyers but also play a vital role in a city’s revitalization project. Read on to know how natural capital such as trees and open spaces can add value to a property, although intangibly so.
The following are the top 5 landscape improvements to increase home value, based on the results of various studies on trees and residential property values.
1. Advantages of homes with trees. Single-family homes with trees are generally preferred to those without. Homes with trees and those located in neighborhoods with good tree cover have a higher property value than homes without trees. The following results are from a selection of studies done on yard and street trees.
Lake Arrowhead: A Stable and Glamourous Station to Endure
Lake Arrowhead: What more can you claim for if you find to have an offering wherein you can rest and Endure portion of a residential area nestled in an country that has its own individual lake and at the comparable time a fastened Station. Lake Arrowhead has its guaranteed gate to insure that members of the community can feel Stable while in the arena. Not only does it offering such, but here in the community lies in their productive choice. The azure blue, wide, and poised Lake Arrowhead has grow the centerfold.
A Residential Lake and Golf residential area Like No Another
Located just 40 minutes north of Atlanta, Lake Arrowhead is drawn close inside lush green botany and in the foothills of the Blue Ridgeline Mountains. Clients and community members can find to relish the collected downplay Lake Arrowhead has to offer with its:
1. 11 miles expandable of impressive shorelines
2. serene blue composed Lake
3. 50 acre lake that ranges down 80 ft in depth
4. Mountain-stream-fed water
5. 2.2 miles in distance and is distributed into 2 parts: widest portion functioning down to the southern edge of the dam and the Strange falling down to stunning coves
6. Elating masses and sunset views
7. 8 thousand thick timberland
extremities in the community region can savour and savour with a unconventional and laid-back lifestyle as they pander and revel themselves with the optimum comforts the residential region has to offering them. amenities such as yachting, kayaking, canoeing, and swim and many more you can help and enjoy.
Incomparable Smasher and optimal comforts
Lake Arrowhead has a plain 11-mile prolonged of lake shoreline. The marina that passes boating trips and a boat set up ramp. It also has the Extended Festival Park that renders Guests a 40 acre swim and activity centers and the Red Cloud Park, which is the residential area’s registered original floating and tennis center. Not only that, the lake community has nature leads that prolonged up to 8 miles beside the lake’s impressive shoreline.
Lake Arrowhead Is Like No Strange
Lake Arrowhead has a fair and cleanly ecologic ambiance that centers on the saving and conservation of the environs. It extends a quality of life that puts it obscure from any Another communities. It is one way to revel the modus vivendi you want to have and to delight with your house. Their pride of their Locate, which is the 540-acre lake that extends about 11 miles of proud shoreline, has gone their centerpiece of drawing card. Lending as well their 18-hole golf course that caters a wide view of the pretty country has made the Lake Arrowhead residential residential area a frequent Place. Given that the lake is added from the pour itself, it has been known as the lightest in the state. With the Blue Ridges Mountain at its foothill, you can find to have a well and more proud view. Going for a trek, the region admits you with 3 drags such as the Lake Shore trail, which leads about 1.9 miles; the Flat Rock trail, which runs about 1 mile; and ultimately the Wilderness trail, which stretches about 1.4 miles.
Need to Know More Than about Lake Arrowhead?
Involved and craving for more info construing the residential region, visit Lake Arrowhead online and receive updated with their new comforts and programmes in storage for you. Avail of the chance to leverage real estates in the arena as well. get to know more some the residential area, the people, and the region. Here you can find to have a better understanding of Lake Arrowhead’s account and inception.
Green Remodeling: Eco-friendly Options for your Second Home
More money is spent annually on home renovation than on new construction, (almost $300 billion in 2006). It is estimated that more than a million homes per year undergo major renovation or remodeling.
Economic and environmental realities are driving homeowners to look at how to maximize resource usage and to decrease the waste stream generated by construction projects. More of us are asking if there are better ways to remodel that can enhance health, reduce energy consumption, lower maintenance costs and minimize environmental impact. There is. It’s called green remodeling.
What is green remodeling? Essentially, it is the convergence of three basic principles:
• Increasing energy efficiency
• Improving indoor air quality
• Conserving natural resources
Perhaps the best way to describe the philosophy of green remodeling is that it is a form of applied common sense. Remodeling and renovation projects offer myriad ways to reduce, re-use and recycle. Salvaging and re-using materials can result in lower cost of materials and in the reduction of environmentally damaging waste disposal and lowering disposal-related fees. As a bonus, the use of salvaged materials, such as wood flooring, doors and antique fixtures can also add beauty and style to a newly remodeled space.
In their book, “Green Remodeling”, co-authors David Johnston and Kim Master refer to green remodeling as “Changing the World, One Room at a Time” (available at http://www.amazon.com), According to the authors, you can do this by employing green building processes and materials in remodeling projects, because going green “is more energy-efficient, more resource-conserving, healthier for occupants and more affordable to create, operate and maintain”.
Many products and practices used in remodeling a home can have negative effects on the environment. Green remodeling requires that thoughtful attention is given to minimizing or eliminating products or practices that could cause environmental damage or that could harm occupants during construction, or after the remodeling project is complete.
Since 1993, The U.S. Green Building Council (USGBC) http://www.usgbc.org/ has developed and administered a Green Building Rating System. USGBC provides practical information on applying green building standards to building projects. The adoption of green practices is seen as a way homeowners can meaningfully contribute to efforts aimed toward reducing global warming. There are many green alternatives to standard practices that USGBC recommends:
• Use wood alternatives like engineered lumber, or Forest Stewardship Council (FSC) certified wood harvested from managed forests (http://www.fscus.org)
• Employ renewable products like bamboo for flooring
• Reduce the use of paint and cleaning products containing high levels of volatile organic compounds (VOC’s)
• Use natural fiber rugs and fabrics
• When available, use recycled or high recycled-content materials
• Plant trees to provide shade and wind protection, saving money on heating and cooling costs
• Green up your yard using native plants that are adapted to local soil and weather conditions, thereby lowering maintenance and reducing the use of chemical pesticides, fertilizer and irrigation
• Shop locally. When practical, use locally produced products to reduce carbon emissions caused by long distance transportation
When planning a remodeling project, bear in mind that it is both easier and cheaper to incorporate green materials and strategies in the early stages, rather than adding them piecemeal, or as an afterthought, when in the thick of the project.
Here are some green remodeling strategies to consider.
Energy Conservation
Ways to increase energy efficiency can range from simply adding an insulation blanket to your water heater and insulating hot water pipes to replacing older appliances with new Energy Star-rated appliances. Replacing a standard storage water heater with a so-called tankless water heating system can result in increased efficiency and significant monthly utility savings. Additional savings can be achieved by simply switching from incandescent to fluorescent lighting, which reduces energy consumption for lighting by up to 75 percent. Thanks to the Energy Policy Act of 2005, homeowners who choose green alternatives when updating their homes could be eligible for tax credits to offset some remodeling costs. For details on available credits, go to the following website: http://www.energystar.gov.
If your remodeling project includes new exterior siding, consider having a professional evaluate the insulation in your exterior wall cavities and the energy efficiency of your doors and windows. If deficiencies are found, insulation materials such as cellulose, rock wool and some forms of foam can be installed from outside, without damaging interior wall surfaces. Adding a house wrap under new siding will markedly reduce air infiltration and exfiltration, saving on both heating and cooling costs. Tests commonly performed when evaluating the thermal efficiencies of your home can diagnose the ability of your wall, window and door systems to prevent heat loss and air infiltration. A primary technique to evaluate energy efficiency involves the use of ‘blower doors’ to test air inflow and outflow. http://www.homeenergy.org.
Replacing old single pane windows with insulated glass can save up to 25 percent on heating and cooling costs. The highest level of savings can be achieved by using so-called low-e glazing (for low emittance). Low-e coatings are microscopically thin, metal or metallic oxide layers deposited on window or skylight glass primarily to reduce radiative heat flow. Low-e glass units are available that promote high, moderate or low solar gain, depending on your climate.
Indoor Air Quality
When an older home is tightened up to promote greater energy efficiency, it’s imperative to assure that adequate ventilation is available in order to assure healthy indoor air and to prevent interior moisture build-up.
Current research indicates that our indoor air is often more polluted than outside air. This increased concern is prompted by the realization that most people spend 80-90 percent of their time indoors.
There are many sources that can negatively impact indoor air quality. These include pollutants from the outdoor environment, and the toxic chemicals used inside the home from a variety of sources. Indoor air is often further degraded by other pollutants introduced by occupants, such as tobacco smoke, smoke or particulates emitted by home appliances that burn wood, coal, kerosene, and propane (or natural gas). Other significant sources of toxicity come from sealants, cleaning products, paint, asbestos, damp carpets or fabrics, and certain pressed-wood cabinet and furniture products that release chemicals into the air. In some areas, radon (a naturally-emitted subterranean radioactive gas found in some regions) can cause serious health problems. http://www.dspinspections.com
/radon_facts.htm
Green remodeling seeks to remedy these problems with a combination of air filtration, ventilation systems and choosing to use the least toxic product options. An overview of the problem and possible solutions are available from the Environmental Protection Agency http://www.epa.gov/iaq/pubs/insidest.html
Reduced Material Waste and Resource Conservation
As a rule, remodeling is more eco-friendly than new construction, since fewer materials and resources are consumed to remodel an old house than to build a new structure. Since 30 percent of materials disposed of at landfills typically consist of construction debris, there is a lot of room for improvement in home improvement.
Even though remodeling generally uses fewer materials than new construction, it can generate a significant wast
e stream. This results in 136 million tons of waste annually. Planning how salvaged materials can be used or recycled can lessen the costs and the impact of construction debris disposal. Good planning can pay off. If you choose not to re-use your old claw foot tub, you may find a local buyer that will be very happy to take it off your hands. The same is true about sinks, cabinets, lighting fixtures, doors, etc.
When it’s possible, using local materials, building with engineered lumber, and hiring recycling companies to remove waste all help to maximize resource use when remodeling.
Perhaps most important of all when you are considering a remodeling project, get back to the basics. Consider the advice of Sara Gutterman, co-founder of Green Builder magazine http://www.greenbuildermagazine.com:
“In order to accomplish the most desirable sustainable outcome, it is important to begin the process of remodeling with the end result in mind. Understanding the personal impetus behind your desire to remodel is paramount so that you can optimize your new design. Think about how you live in your home. Consider which spaces you use and which ones sit dark and lonely for most of the year, waiting those few special evenings when partygoers enter and infuse them momentarily with life. Many modern designs do not actually fit the needs of the typical homeowner. They often contain formal living spaces that remain unused because of their size and lack of intimacy. When we can understand that interior space is a precious resource just like clean water, air, and soil, we can begin to think more sustainably about it.”
Going Green Is Not Just For Big Business-You Can Grow Profits, Too!
The world of big business is making daily headlines by “going green” after discovering that what’s good for the planet is also proving good for business.
IBM recently announced “Project Big Green,” a $1 billion initiative to reduce energy consumption by offering new lines of energy-efficient IT products.
Wal-Mart is adding solar power to more than 20 stores.
PepsiCo is buying renewable energy certificates to offset its carbon footprint. Even major banks and energy firms are being asked by shareholders to prove that they, too, are going green.
It’s not just the biggest businesses that are attracting new customers and shareholders and reaping huge profits by “going green.” Small businesses also are growing eco-profits by embracing surprisingly inexpensive strategies to add value to their products, services and brand.
Consider these innovative examples:
- Bob Smith of Mad River Brewing Company in Blue Lake, California, has attracted positive publicity (and new customers) by promoting his efforts to reduce his small firm’s waste output and take other environmentally conscious steps. In turn, he has received welcome positive publicity from the press. “What PR budget? That is our PR budget,” he told the Albuquerque Tribune about “going green” to market his business.
- In Florida, Natalie Kelly formed Home Therapy Cleaning Services, which uses only nontoxic, all-natural cleaning products for her home cleaning business. She used to sell aromatherapy candles from her home, she told the St. Petersburg Times, but today uses an aromatherapy baking soda blend to freshen carpets.
Here’s what you can do:
- Two inexpensive ways any small business or solo entrepreneur can go green are to change light bulbs to energy-efficient bulbs and use biodegradable cleaning products.
- With that done, tell your customers and the media about these simple ways to go green. You will have just earned instant credibility as a green business, and also as a media resource for simple, effective ways to “go green.”
- Many communities online and offline are forming networks to exchange energy-saving ideas for home and business. Form your own energy network, enlisting neighborhood businesses that will welcome another opportunity to show they’re going green, too. The plus for you is that you will have just positioned yourself and your business as a community environmental leader.
- Copy what the New York Times called “Phase 2″ of the corporate response to global warming. Partner with an environmental group. Travelocity invites customers to donate an extra $10 to $40, which goes to the Conservation Fund to plant trees to offset the carbon used by a client to take a trip. Whole Foods invites customers to buy a $5 “wind power card” that goes to Renewable Choice Energy to build wind farms. What local environmental group can you partner with to promote on your Web site (and vice versa), to set aside a day that a percentage of profits will go to that organization or to make their fliers available at your business?
- Go deeper green! Attend a “green” conference in your community or region, and promote your attendance. (Go to Google.com and type in “green” and “conference” and your area to find out when and where they are scheduled.) Write a “green” article on simple ways you are going green and submit it to one of the dozens of “green” Web sites and blogs that invite reader contributions. It’s a great way to market your smart ideas and your business!




