Aspiring to live in an environmentally friendly home is a lot like being a supermarket-shopping coupon-cutter: you know you will save a lot of money in the long run, but are you willing to make the short-term effort? If you are, turning any home into a “green” one is not as cost-prohibited as you might think.
What is a “green home”? According to the National Association of Home Builders, a “green home” is:
Built or remodeled to conserve energy or water
Improves air quality
Uses sustainable, recycled or used material
Produces less waste
Has energy-efficient appliances
If you are in the market for a newly built home, chances are it features low-flush toilets, tankless water heater, 220v electric car hookup in the garage and maybe even pre-installed solar panels.
However, if you’re purchasing an older home, the Federal Housing Administration (FHA)’s Solar and Wind Technologies program allows the full cost of new solar panels to be spread out over the mortgage loan term, usually 30 years.
Primary Residential Mortgage, Inc., makes it even easier for homebuyers to renovate “green” with our 203(k) home loan program that allows you to finance not just the price of the home, but also the cost of needed and wanted repairs or improvements, up to $35,000.
So how do you start to remodel your “green home” so it’s the envy of the neighborhood?
Change incandescent light bulbs to LEDs, compact fluorescent lamp bulbs or smart lighting
If you have jalousie (cranking) windows, consider installing high-performance double-pane windows
Read the EnergyGuide yellow tags when shopping for appliances. They estimate how much the appliance will cost you in electricity over a year’s time
If you have a large front and/or backyard, changing it to a xeriscape will save on water bills and maintenance. You usually find this type of landscaping in arid and semi-arid climates such as Las Vegas, but it’s getting very popular in all parts of the country
Watch home improvement shows like “This Old House” and discover ways contractors find areas in your basement or attic where you lose energy and how easy it is to fix them
“Going Green” means a lot more dollar bills stuffed in your pockets to spend at the supermarket.
Contact one of PRMI’s Loan Originator’s to learn how your home can “go green."
If you're ready to take the next step, work with a team that can provide the personal attention you deserve. Our mortgage company has helped over 200,000 borrowers fulfill their dream of home ownership. We'd love to help you too!