Eco-friendly developments are the newest thing to hit real estate and the newest trend in being earth friendly. We currently live in a 'green' society where everyone wants to make changes in order to reduce their carbon footprint and be friendlier to the environment. The real estate industry is no exception. It began with residences and communities using things like solar panels and recycled materials for their homes. Real estate is now working on large scale and high-rise commercial buildings that are all considered eco-friendly.
About Green Real Estate
Green real estate involves the development of residential and commercial buildings that utilize different forms of sustainability. This can include anything from solar panels on the walls to building the structure itself with recycled materials. Being green and earth-friendly continues to become more popular, and now real estate is joining the ranks. It isn't just happening with homes or small buildings either; it is a massive, large scale and will continue being developed over the next decade.
The Benefits of Green Real Estate
The benefits of going green itself are pretty obvious; you save money, conserve energy, conserve water and reduce your carbon footprint. Everyone knows the positive impact on the planet's ecosystem when you choose to be more environmentally conscious. However many might not realize the v benefits by going eco-friendly in real estate. This is mostly due to the large developments. When a new high-rise or building structure is built, it uses many of Earth's resources to get done which reduces the carbon footprint considerably. By building earth-friendly structures, that city is improving their positive impact on the planet and environment. Some of the aspects of eco-friendly real estate includes using recycled materials, renewable and natural resources, appliances that help conserve energy, solar panels and green roofs. Everything from the furniture to the tile and paint can be natural, organic and eco-friendly. In the long run, being eco-friendly in real estate development on such a large scale will also save a considerable amount of money as well.
Large Scale Eco-Friendly Developments
There are many large scale eco-friendly development popping up around the country, including the sustainable water management solutions in Manhattan. They have built brand new structures for recycling and residential buildings throughout New York City that utilize recycled materials and other ways of being green. Many high-rise buildings in Manhattan are also going green. Another green building is in Berkeley's downtown district with a variety of eco-friendly high rises.
Real estate going eco-friendly is beneficial for the real estate developers, the city and the residents. People get the opportunity to work and live in these earth-friendly buildings, understanding they are living and working in places that are better for the environment.
The truth is that the real estate market needed a boost in recent years due to the fall of real estate and foreclosure issues across the country. One of the ways that real estate professionals and development companies have been able to maintain their businesses is due to thinking out of the box. The concept of green living, eco-friendly and co-op developments not only helps real estate professionals but also offers new options for home buyers.