There are so many fascinating facts on which home renovations are the strongest for selling the house quickly and for more income. Any homeowner upgrades might cost a lot of money so they can’t get a lot of return on their investment from homeowner. However, studies continue to find that there is one particular home improvement that has consistently been shown to get homes to sell faster and for considerably more money —- adding solar panels. Learn more on Green solar power statistics.
Boost worth of real estate
So, would you like to sell your home for more money? Don’t we all have to. The immediate and monstrous addition of solar panels to a home increases the value of the property by 15 to 20 per cent. Research shows this is predominantly because home buyers today consider energy costs when deciding whether to buy a home or not, and often buy a home that will save them money on their energy bills.
Electricity savings = Home resale value improved
As per the U.S. Department of Housing and Urban Development, with every $1 drop in average energy costs the valuation of a house increases by $20. That adds up to very major property valuation increases. * Those figures effectively say that if you invest $1,000 yearly on your energy costs, your home value would rise by $20,000. While the analysis could be deemed outdated, it is now a commonly followed method for determining the valuation of homes by lending companies and real estate assessors. Besides this, many other sources and studies today continue to conclude that solar powered homes outsell traditionally powered homes, and home buyers are willing to pay substantially more money for green, solar powered homes.
Saving electricity with Solar Panels Continue to increase over time
When you have solar panels, there’s a clear reason why you save more and more money over time on energy bills. On a regional basis, energy prices have increased by around 6 percent per annum, and there is no indication that this would end. When you invest in solar panels your electricity rates will be fixed for the next 25 years at least. Which ensures you ‘re stuck in at a low rate as the energy levels keep increasing. And, as time progresses, you save more and more energy. This is particularly compelling to home buyers who have an growing curiosity in renewable and energy-efficient housing.
Solar homes are selling much more quickly
So, while you might also be involved in having a good effect on the community, you are most definitely interested in selling your house more easily. As per the U.S. Department of Housing and Urban Development, solar powered homes sell more quickly because “they make your home more affordable to more people” and “attract attention in a comparative market.” They also state that solar improvements are “improvements that will actually save money.”
In addition to this, the U.S. says Energy Department’s Energy Efficiency & Renewable Energy Bureau, homes that use solar power sell twice as fast as homes that have not been converted to solar. All and all, it has many benefits when it comes to selling a home going natural. Adding solar panels can help homeowners sell their homes quicker and increase the value of the property.