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Dixie Somers posted a blog entry in The Green Machine BlogAn increasing number of homeowners are turning to solar power to save on their energy costs and to make less of an impact on the environment. Many times, solar panels can generate enough energy to power as much as 50 percent of the average home’s energy leading to significant savings on electric. Solar power installation companies also often state that adding solar power to your home increases its resale value. In actuality, solar panels can complicate your home sale or purchase. Do Solar Panels Increase Home Value? Although solar companies will insist that solar power increases the value of your home, this is not a guarantee. There are many factors that go into how solar panels affect your home’s value including: The part of the country you live in Whether you leased or purchased the panels The type of home How much energy costs are reduced by the panels The starting value of your home is also a factor as higher-priced homes tend to see more value when they have solar panels installed than lower-priced homes. Lower Energy Costs and Damage to Environment There is no doubt that solar has significant benefits that can be an advantage when you try to sell your home. A typical solar panel can produce a significant amount of energy which help you save money on energy. For a potential buyer, this will be attractive as there are very few people who would not want to lower energy costs. Buyers who are conscious of their carbon footprint will also see benefits to a home with solar panels as solar energy has less impact on the environment than other forms of energy. Leasing vs. Buying Solar installations can be very expensive, ranging from $15,000 to $20,000. Very few homeowners have that much expendable income to add solar power to their home. Solar companies now offer leasing options. You sign an agreement that you will pay a flat monthly fee for the panels for the next 15 to 30 years. Leasing is attractive to many homeowners who want to switch to solar, but it can be a deterrent to buyers who aren’t interested in an additional monthly payment. In addition, some companies will not permit transfer of the lease to a new buyer, requiring the original homeowner to pay the balance on the lease should they sell the home. Housing Market The housing market also has an impact on the value of your home when it comes to solar panels. It must be mentioned that appraisers are not permitted to add value to a home because solar panels are installed because they are not a permanently installed in the structure. If you live in an area of the country with strong environmentally-friendly populations, solar power on a home may be well-received. In other areas of the country, there is less of a focus on the environment and solar panels may actually be a deterrent. It is important to know that the cost of your solar panels cannot simply be added to the price of your home when you sell it. Before installing solar panels on your home, talk to a real estate agent to find out how they will impact your potential ability to sell your home in your housing market. If you are considering the purchase of a home with panels, a real estate agent can explain the advantages and disadvantages of the system that the homeowner has installed.
BrookeChaplan posted a blog entry in Brooke Chaplan's Green BlogReal estate investment can cost a modest fortune for many people, and because of this, you understandably want to save money in every way possible. The U.S. government has created numerous tax breaks and other financial benefits for those who own green homes or who make green improvements to their homes within a specified tax year. Such benefits can help you to save a sizable chunk of change within the next year. If you are looking for ways to save on your home ownership expenses, consider these points. Green Energy Generation There are several ways to produce green energy in your own home. This ranges from solar and wind energy to the use of geothermal pumps and more. Many home energy production methods produce enough energy to entirely offset the home's energy needs on a regular basis. Generally, the IRS allows you to deduct at least a portion of the purchase of the equipment and the installation cost for many types of green energy systems. This can drastically offset the cost to get the system up and running, and you can then enjoy ongoing energy savings throughout your time in the house. HVAC Systems, Boilers and Furnaces Climate control is a serious matter for homeowners, and you understandably need to invest in new, energy-efficient equipment to keep your home’s indoor climate as comfortable as possible regardless of the weather conditions outside. If you invest in a new HVAC system, boiler or furnace that is sufficiently energy efficient to meet IRS standards, you may qualify for a deduction or tax credit. Typically, the credit or deduction applies to specific models and is based on the equipment and installation costs. Some equipment may also qualify for local grants for additional savings. Sealing the Home Everything from new insulation to new doors and windows are responsible for sealing the home. Such features can prevent the transfer of heat between the indoor and outdoor environments, and this can drastically reduce energy consumption related to climate control activities. Replacing insulation, doors, and windows with newer, energy-efficient models may qualify the home for a tax deduction or tax credit. The cost of insulation and materials may both be used to determine the amount of the credit or deduction. Living green is a great way to decrease your impact on the environment and to save money on energy costs in the process. Through these green home improvements, you may also be able to enjoy tax credits and deductions for additional savings. If you’re unsure what benefits you can get, realtors like those at Mark Fox Company can help you find out.
kelvinthomas posted a blog entry in kelvinthomas' BlogProperty market in Florida has been under many upheavals since the past few years; though in the last 2-3 years, conditions were pretty grim. However, real estate analysts have opined that the situation is surely going to get better in the coming days and current real estate data have proved the fact. It is true that Florida’s real estate industry contributes greatly to the economy of the state. This happens through property buying, selling, leasing, renting and even new property construction. Reports have proved that in Florida, the median home value currently is $166,100. There has been a steady increase of 12.5% in the value of homes in Florida when compared to last year. Predictions are being made that there will be an increase of more 3% in the valuation in the coming year. Median price of currently listed properties in Florida is $215,000; while that of sold homes is $181,750. Median rent valuation in Florida is around $1450. Real estate market in Florida Miami Beach area It is interesting to note that property demands vary from one city in Florida to another. In Miami Beach area, condos and coops are high in demands. Due to the lovely scenic beauty of the place, Miami Beach attracts lots of travelers and tourists and so condos are a preferred choice with the people there. There are 1749 property listings for condos in the area. More than 80 condos have been sold in the area in the last one month. This is welcome news for the property market in Florida. Real estate market in Imperial Lakes area, Florida On the other hand, Imperial Lakes has high demands of single family residences with 35100 property listings in the same. Demands of condos are little less in the area though there are 9564 condo listings. Including different kinds of available properties in Imperial Lakes, there has been sale of 53906 properties in the area in the last one month. The numbers are sure to increase in the coming days increasing revenue from the real estate industry and boosting Florida’s economy. Contacting the best realtors in Florida for getting best properties Whatever be your choice of property in Florida region, contacting a real estate agent is the best thing to do for getting the best home/condo. There are many real estate agents in the area, but choosing a reliable one is highly recommended as property investment is a crucial deal in your life. Making a wrong choice or decision can cost you dear on the long run. Agent Ace is a trusted place to look for the best real estate agents in Florida. Customers just need to tell about the kinds of properties that they are looking to buy or sell. Agent Ace enlists the best real estate agents in different cities in Florida. Once the customer provides the specifications on the kinds of properties he is looking for, the best agent in the area is selected from the list. He has to undergo screening once more and then finalized. Property agent with the best performance record is recommended for the customer.