The Impact of a Green Roof on Your Home’s Value
A green roof is a great sustainable resource for your home and brings multiple benefits. From harvesting rainwater, providing insulation, reducing air pollution, and providing a habitat for birds and plants, a green roof can improve the environment around us. It can also increase the aesthetic and monetary value of your home.
When you install a green roof on your home, not only are you making your home more environmentally friendly, but you could also be increasing the property value for your home. Depending on the location of your home, a green roof can raise the property value by 6-16%. It puts your home at an advantage compared to other homes in the market.
Installing a green roof adds an element of sustainability to your home that can greatly increase its marketablility. With the growing popularity of energy efficient homes, more and more buyers are looking for features like a green roof that make your home stand out from the crowd. This could give you a competitive edge in the current market.
Benefits of a Green Roof
Going green with your home is a great way to create a healthier environment. Green roofs have multiple environmental benefits including, reducing energy costs, increasing insulation, improving air quality, and providing a habitat for birds, plants and insects. Additionally, these green roofs can reduce the amount of stormwater runoff entering sewers which greatly reduces the chance of flooding.
In urban settings, green roofs can also provide an oasis from the chaos of the city with the added bonus of providing insulation, as studies have actually found that green roofs provide up to 40% insulation compared to traditional roofs. Insulation provided by green roofs can reduce heating and cooling costs, which makes your home more affordable to live in.
Green Roofs and Home Value
Equipping your home with a green roof and sustainable features also substantially boosts the market value of your home when you’re looking to sell. As an example, a study conducted in Maine found that houses with green roofs had up to 16% more value than those without. Moreover, energy efficient sellers wanted to pay up to 6% more for homes with green roofs.
With the prevalence of green products and sustainable living, more and more home buyers are looking for sustainable features that can save on energy costs. Claiming a bigger piece of the market is made easier with a high-end sustainable feature like a green roof.
Additionally, green roofs tend to have a longer lifespan than traditional roofs because of their added layer of protection. This makes them a great investment that can start paying for themselves immediately.
Green Roofs and Tax Benefits
- Investing in a green roof also comes with tax benefits.
- In some states, installing a green roof might qualify you for federal, state, or local tax credits.
- You can also benefit from rebate programs that are put in place for energy efficient home improvements.
- In addition, some cities even waive or provide discounts on property taxes for owners who install green roofs.
The Impact of a Green Roof: Final Thoughts
To conclude, if you are looking to improve the value of your property or simply want to increase the sustainability of your home, then a green roof is the way to go. Green roofs offer multiple benefits for your home in terms of sustainability, marketability and value. And installing a green roof might even qualify you for federal, state, or local tax credits, and rebate programs that can provide bigger returns on the initial investment.