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The Value of Home Retrofits: the future is friendly for energy efficient homes
Why, in a climate like ours, are buyers not looking closely at their home?s energy efficiency? In Toronto,
we have intense heating needs in the winter and significant cooling needs in the summer. There is a
consumer shift happening and homeowners who miss opportunities for energy efficiency may find
their resale values will be affected.
Future friendliness is measurable, and it comes down to energy. Reducing the energy costs associated
with operating a home begins with tightening the thermal envelope, disposing of
incandescent and halogen light bulbs and investing in ENERGYSTAR? appliances.
The reward includes future-friendly houses that demand a higher resale value, so be sure that your
realtor knows how to get a higher market price for your energy efficient home. They should know
how to capitalize the operational savings associated with energy retrofits. EnerGuide ratings are a
good tool, but before and after operation costs comparisons are also very useful.
If you are renovating make sure you take advantage of retrofit and insulation opportunities. Take
pictures so you can show your potential purchasers the insulation in the walls, windows and doors.
Water consumption also contributes to the efficiency of your home. Lowering water consumption
with high-efficiency shower heads, water conserving toilets and energy efficient dish and clothing washers
reduces the cost of municipal services. The City of Toronto has valuable rebate programs for toilets and
rain barrels, which will reduce your costs in boosting efficiency ? take advantage of these programs.
Bottom line: future-friendly houses are worth
more than energy hogs.
Author: Chris Chopik
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