"Going green " is a trend that has been on the rise in recent years. From solar panels to electric vehicles, many people are making changes to make the world a better place.
While choosing egreen is a fairly simple change to make, green building requires a lot more attention and consideration. There are still a lot of misconceptions about green building because it is a relatively new way of building. Here, seven members of the Forbes Real Estate Council share some of the Most common lingering myths about green building and the reality of each situation.
1. Green building is an expensive business
A myth is that a "green building" is directly correlated with an expensive business. There are indeed environmentally friendly ways to build that don't need costly overruns. - Adam "Mopsick , Amicon
2. " LEED and WELL certifications are essential
When it comes to wellness and sustainability, investors and homeowners can get distracted by focusing on LEED and WELL certifications. The most important strategy is to simply do the "right " thing. Do what makes sense, ignore the "shiny objects " and focus on what will generate a real return on your investment. Focus on the trends and not on what has been or is being done now, as those things are probably already out of date. - Jacob "Bates , JLL " Flex
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3. “Going green” adds value
A myth is that “going green” adds value. We don't know yet if this adds value, as it's still too new to be determined. We don't know the actual longevity of the materials, when they will need to be replaced, and the costs involved in doing so. Also, additional payments for the rental of solar power may not be cost effective. - Nancy Kowalik , Groupe Immobilier Nancy Kowalik
4. Efficient appliances are enough
More efficient appliances will not be enough on their own. Consumers of new construction must be prepared both to accept higher construction costs and to express a demand / desire for greener building products in order to create a willingness on the part of builders to supply accordingly. Tesla is a great example as they have made "cool to be green ", but consumers had to be willing to pay more and want more. Now the whole world is becoming "EV!" - Michael " Thomas Chambers , Chamber theory
5. Government does not support green upgrades
It is no longer true that there is no longer government support to allow building owners make green upgrades and save on energy costs. Databases like EnerYields can help homeowners. 'buildings to take advantage of tax breaks, government grants, grants and low-cost finance to carry out green renovations. - Saurabh "Shah , InstaLend
6." Skip "to green "is only to save the environment
The myth is that saving the environment is the only reason to go green. In fact, only time will tell if the buildingsGreen nts will have the positive impact on the environment currently promised. Whether they do or not, there are more reasons to go green. Depending on where you live, adopting solar power, installing green roofs, etc. can also reduce your tax liability. - Kevin "Markarian , Marker " Real Estate
7. Green Investments Produce Green Returns
It is unclear whether green features are really something people are willing to pay for in their purchasing behavior. Sentiment around preferences for green commitments is relatively easy to follow, but linking green investments to green returns is much more problematic. In short, I have the impression that green isn is possible only in conjunction with other real and lasting competitive advantages. - Clark "Twiddy , Twiddy " & Company