6 Need-to-Know Facts About Sustainable Development

Everything has its own jargon, and sustainable development practices are no different. If you want to be sure you are purchasing a condo in a green building, or a home that is certified to meet high standards of energy efficiency, then understanding the different definitions is imperative. We have broken everything down for you in an easy-to-understand format so that you can feel confident in your knowledge about sustainable development.

Here are the seven need-to-know facts about sustainable development, particularly in Chelsea real estate and the greater New York area.

The definition of sustainability

Sustainable developments in West Village NYC real estate are those that are designed and built to be sustainable. Meaning the materials used, practices employed during building, and further maintenance all reduce environmental impact in a way that furthers natural development and resources. Materials used should be sustainable, meaning that they do not deplete natural resources. Material waste is recycled, opposed to adding to our landfills. It reduces our carbon footprint. The United Nations Member States adopted 17 Sustainable Development Goals to reach by 2030. The goals focus on addressing climate change, encouraging fair and sustainable economies, managing natural resources, and working together to share knowledge and build capacity.

The definition of a passive house

A passive house is one that is built using design principles that attain the highest levels of energy efficiency. The term is a little misleading because it can be a large office complex or residential home and every type of Chelsea real estate in between. It uses continuous insulation through the building without any thermal bridging. It is sealed tight to prevent infiltration of outside air and the loss of tempered inside air. It is built with high-performance windows that are double or triple-paned. The doors are also high-performance to eliminate solar gain. The ventilation system balances heat and moisture. The heat emissions from kitchen and laundry appliances are managed to maintain consistent interior temperatures. They are resilient buildings that provide superior indoor air quality to the inhabitants.

The meaning of LEED Certification

LEED stands for Leadership in Energy and Environmental Design. It is a third-party verification system for green buildings. West Village, NYC real estate that has LEED Certification was developed using sustainable practices and features. Some of these features include rainwater management and reducing light pollution. There are features to reduce waste of energy resources and water. The air quality maintains a high standard. The materials used, both in building and demolition, were recycled instead of added to our landfills. Materials used are sustainable or made with technology that promotes sustainability. The building is designed to maximize natural light and other natural resources. The building may even address transportation issues by having easy access to shared transportation options.

The definition of greenhabbing

Greenhabbing is when you flip a home, but the remodeling on the home was done with green practices, or it added to the home’s energy efficiency. It is a movement that is growing in popularity for Chelsea real estate as more and more people are wanting to support sustainability and are looking for the latest technology in energy-efficient homes. Passive homes, and those that can boast supreme energy-efficient features, can demand higher rents and sell at higher prices. Be prepared to prove any of your claims and document the remodeling and certification that was done on the property. Talk with your local real estate expert to find the best property suited for greenhabbing.

Where the income potential is

Sustainable developments in West Village NYC real estate demand a premium. In fact, some research shows that energy-efficient homes, those with an Energy Star, LEED, or GreenPoint Rated label, sold for as much as 30% higher than those without any certification. The homeowners saved at least $1,600 to $2,200 a year on energy costs. Developers who adopt sustainable practices will future-proof their business. The consumption of natural resources is at an all-time high, and the increase of fires and other natural disasters are further limiting our availability of natural resources. Consumers are seeking sustainable features in their homes at increasing levels, and homeowners undertaking remodeling projects are asking more questions about the contractor’s sustainability efforts. You can increase your income potential by adopting sustainable practices.

Why it’s best to work with the experts

Whether you are a large commercial developer or a homeowner who wants to make energy-efficient upgrades to your Chelsea real estate, be sure to work with experts who are knowledgeable and experienced in sustainable practices. Look for proper certification and ask questions about how they handle material waste and where their products are sourced from. Some real estate agents have taken additional education to thoroughly understand green building practices. Some have even passed the test to earn Green Designation. If you are looking for investment property for greenhabbing, be sure to work with a local real estate agent who is experienced with investment property.

Looking for Chelsea real estate?

Festina Lente is happy to answer your questions about sustainable developments in the local area. They have experience with buying and selling investment property and residential homes in the New York City area. Reach out to them today!

Work With Simone

Simone's passion for real estate is rooted in the principality of Monaco, the place where this passion started. To this day Festina has an extensive network there, as well as a deep knowledge of the market.
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