At Future Home Living, energy efficiency is really important to us for a whole number of reasons. We believe that a more sustainable, energy efficient future will be better for everyone, but there are also some sound economic reasons for building a home that minimises your energy consumption. In fact, it may turn out to be the best financial decision you ever make.
In our last blog we discussed some design elements that you can incorporate to ensure that your new home is as energy efficient as possible. This time around we’re going to take a bit of a closer look at why doing so can have some seriously amazing long term financial benefits.
It’s Worth The Investment
The first thing we need to address is the fact that quite a lot of energy saving technology – solar panels and batteries, solar passive design & materials and designing & building complex, partitioned space – can be more expensive in the short term. However, these initial costs will be more than recovered in reduced energy bills over the lifetime of the property. Given that energy security and rising electricity and gas bills are already an issue today, the financial benefits of an energy efficient home are only likely to increase in the future.
Pay Off Your Mortgage Sooner
There’s no doubting that building an energy efficient home will save you money on your energy bills. While you’re free to do whatever you want with the extra money in your pocket every month – spending it on fancy cars and plush overseas for example – those who are truly financially savvy will put it towards paying off their mortgage at a quicker rate. Even though it might not seem like a huge amount, chipping away with a bit extra every month can mean that you could save tens of thousands of dollars in interest and pay off your mortgage years sooner.
Sell Your House For More
As we’ve mentioned before, sustainability, climate change, energy efficiency and energy security are hot button topics at the moment, and this doesn’t look like changing anytime soon. Building a really energy efficient home with lots of great features will make it a lot more attractive to a market concerned with these issues, meaning that you’ll be able to get a much better price for it should you wish to sell.
Playing The Long Game To Win
Building a home is an investment, and like any investment opportunity, the people that stand to benefit the most are those that have the foresight to think of the future. Look past the higher upfront costs and it becomes clear that building a truly energy efficient home could potentially be the best financial decision you ever make in your life.
As one of Perth’s most experienced builders of energy efficient houses, we have the skills and experience necessary to ensure that your monthly energy costs are kept to an absolute minimum and that you’re able to use these savings to ensure your financial prosperity well into the future. Get in touch with us today to find out more!