What does going “green” mean and how much is it worth in Canadian home real estate? Experts say that installing a solar panel on your roof or upgrading your home using environmental friendly material will certainly increase the value of your property.

If you take all the  steps to eliminate all the energy leaking from your home, your home will attract more buyers and more money when you re-sell.

So, what are eco-friendly home upgrades that add value to your home? Read on to learn more.

Replace Old Windows

The truth is many homes do really need window replacement. This is a great opportunity to replace your old windows with new energy efficient windows. Some people may argue that these windows are somewhat expensive, but in the long run they are worth the investment. Studies show that eco-friendly windows can give you up to 70% returns on investment (ROI) when you decide to sell your house.

In addition to increasing the value of your home, replacing old windows can also improve the appearance of your home, making it more attractive to potential buyers. This can really help to reduce the amount of time that you spend looking for a buyer when selling your house.

Energy efficient windows are designed to withstand various types of climates, so it is in your best interest to find the one that works perfectly on your area. The most interesting thing about them is that they can help you reduce your energy expenses regardless of the model that you choose. The coatings on the glass are designed to reflect the interior temperature of your house. This means that they are highly recommended on both cold and warm days.

Insulate Properly

Proper insulation is one of the best home improvements that can lead to tax credits. In this light, homeowners are highly encouraged to insulate their houses properly.

It is true that most modern homes have fairly efficient insulation, but older homes do not have the right type of insulation. In fact, many older homes in Canada have out-dated insulation and this can really have a negative effect on the value of your home.

Studies show that even new homes have attics that are somewhat under-insulated, making them a good source of wasted energy. If you are not sure whether you need to improve your insulation, it is very important that you seek the services of a professional contractor. He or she will carry put an energy audit to determine your home’s inefficiencies and how much money you need to do some very important home upgrades.

The bottom line is insulating your home properly can help you to save between 10 to 30 percent on your energy bills. In addition to saving energy, it can also help to prevent ice dams from forming or occurring.

Solar Panels

If you are looking for “green” ways to upgrade your home, investing in solar panels is highly recommended. This isn’t exactly a cheap option, but the returns are worth the investment. Do not let the high price tag discourage you, the long term returns are worth.

One advantage of installing a solar panel on your house is that it will help you to get rid of your energy bills, and even sell energy back to your community, turning this investment into a small business opportunity.

Experts say that installing a solar panel on your home can rise up your house’s asking price by four percent. This means that apart from the energy saving benefits, solar panel is a great investment that can pay for itself when you decide to sell your home.

Canadian real estate market shows that solar powered homes have a higher demand and solar energy providers are expecting an increase in installation this year. Very soon, solar power will not be just a niche market but a great and affordable alternative to grid power. These will not only make homes with solar panels more attractive to prospective buyers; it will also increase their value greatly.

Upgrading Appliances

If you want to sell your home faster, you should replace old appliances such as refrigerators, washers, dryers and dishwashers with high efficiency appliances. Installing environmental friendly appliances will allow you to enjoy the benefits of energy savings and increase the value of your home.

In addition, heating and cooling are also a major source of energy consumption. In fact, Canadians spend most of their home energy on heating. Studies show that heating home’s water is the second largest source of energy consumption in Canada. In this light, it is highly advisable that you upgrade your home’s water heater. It is in your best interest to look for a water heater system that is efficient and environmental friendly.

Landscape Design

If you are planning to sell your house in future, proper landscaping is one of the most recommended home upgrades to increase the value of your home. Adding some few trees and flowers may appear to be cheap, but these are some of the small changes that can really improve the appearance of your house.

Upgrading your yard can also help in reducing your energy expenses. For instance, creating a resting place under a tree can help you to reduce the amount of money that you spend on air conditioning by about 20 to 50 percent.

Conclusion

The bottom line is green homes are in high demand in the Canadian real estate market. So, if you are thinking about renovating your house, you should consider the above eco-friendly home upgrades.

It is also important to make sure that your home is Leed certified. Homes that are certified to be “green” usually fetch more money on the market. The green label indicates that your home is rated as energy efficiency and this means a lot to buyers. Environmental friendly houses will always attract more prospective buyers, and this is a trend that is expected to continue for a very long time. The most interesting thing is almost any eco-friendly home upgrade that you do will increase the value of your home.