A new sustainable house is opening soon in Cairns where I live, & it got me thinking how many investors are interested in saving the planet by installing more energy efficient & water-saving devices in their IPs?
I guess the main question here is - If you were renovating or building an IP, would you spend more money to install extra insulation in the walls & ceiling, install a rainwater tank for irrigation, etc, install AAAAA rating taps, etc, more energy efficient appliances, design the home better (if building) to take advantage of cross flow ventilation, etc??? I mean the extra costs you spend I would think would increase the value of the home, etc... in the long run from a financial point of view, plus going a long way to having a more sustainable home to help save the planet, etc.
Or...as an investor you don't care & it's all just about the money as in "Why spend the extra $$$ on buying an inverter air-cond when the tenant's not going to pay more in rent to accommodate spending the extra $$$ ??"
Just some thoughts...let me have yours.
I guess the main question here is - If you were renovating or building an IP, would you spend more money to install extra insulation in the walls & ceiling, install a rainwater tank for irrigation, etc, install AAAAA rating taps, etc, more energy efficient appliances, design the home better (if building) to take advantage of cross flow ventilation, etc??? I mean the extra costs you spend I would think would increase the value of the home, etc... in the long run from a financial point of view, plus going a long way to having a more sustainable home to help save the planet, etc.
Or...as an investor you don't care & it's all just about the money as in "Why spend the extra $$$ on buying an inverter air-cond when the tenant's not going to pay more in rent to accommodate spending the extra $$$ ??"
Just some thoughts...let me have yours.