South African property going green
AWARE More people the world over are acting on the awareness that the planet’s resources need to be preserved and protected, a philosophy which has spilled over into the property arena. Adrian Goslett, CEO of RE/MAX of southern Africa, says that the US is one of the leaders when it comes to designing and building green homes. “Up to 70% of the buyers in the Generation X group in the US indicated that they would be willing to pay more for houses that incorporate green technology in the design,” he says. Research shows that in general, US homebuyers would pay between 11% and 25% more for green homes.
Recently SA started to focus on incorporating green technology into residential buildings, and awareness around the benefits has increased — especially in light of the rising electricity costs, among others. “However, we are still far behind the trend … and homeowners often find it an expensive outlay to incorporate green technology,” says Goslett. “As demand for cost effective and environmentally friendly building practices and technology grows, the cost associated with these items should reduce.” The Green Building Council of SA is currently piloting a rating tool for multi-unit residential buildings to give them an official “green” certification. “The hope is that this kind of tool will soon be available for freestanding residential homes,” says Goslett.