Every new generation of home buyers is looking for something slightly different. For Millennials green credentials are an increasingly important consideration. They are looking for properties that make keeping their home heating oil, gas and electricity bills down, as easily as possible.
Rising fuel costs are a key concern
Buyers are acutely aware of the fact that fossil fuel resources are in increasingly short supply. They realise that these fuel sources will all become far more expensive, in the future. The last thing they want to do is to buy a property that they cannot afford to keep warm in the winter, or cool in the summer, a few years down the line.
Many folks are genuinely concerned about global warning. They feel that keeping pollution levels to a minimum is essential for them, their children and grandchildren and even those who do not believe that global warming is, in part, caused by the burning of fossil fuels still feel that it is important to minimise their carbon footprint.
As a result, they are highly motivated to do everything they can to live in an environmentally friendly way, including living in a home that has good green credentials.
Getting the balance right
As a result, this new generation is looking for properties that they know are well insulated, and kitted out with the most efficient heating and cooling systems. However, there is a limit to how far they are prepared to go to live in an environmentally friendly way. Generally speaking, they are well informed and savvy buyers, who take a pragmatic approach when it comes to buying a home. They will take the time to weigh up the pros and cons.
Whilst they are interested in renewable energy resources, they are also acutely aware that these technologies are still in their infancy. They are still being developed. As a result, many buyers do not yet feel confident enough to buy a home that relies 100% on renewable energy sources.
For example, they like the idea of solar power but are concerned about how efficient this power source is when the sun does not shine. The same applies to wind power, and heat source pumps. Many of them like the idea of them, but do not yet feel confident enough to be able to rely on them as their only source of energy.
A hybrid approach works best
Therefore, those builders that build hybrid houses are the ones that are succeeding in selling homes to this generation of home buyers. The key is to choose technologies that have a proven track record, cut fuel bills and do not cost a fortune to maintain. In some areas, that means heat pumps, in others it is solar or wind power that is the more efficient and reliable option.
It is important that the technology used ticks both the green and the money saving boxes. Very few buyers are prepared to buy a property where living an environmentally free life means spending a lot of extra money.
How to find out more
If you want to know more about the rising demand for green homes, you can find out more by clicking this link.
*This is a collaborative post*