Green renovations that will improve property values

By Staff Writer

"In previous years, property experts would have agreed that improvements to a home should focus on the kitchen and bathroom so as to add the most value to a property," says Adrian Goslett, CEO of RE/MAX of Southern Africa. "However, things have changed significantly over the last few years as the cost of water and electricity continues to rise and the realities of global warming become ever more evident. And it is for this very reason that buyers and tenants alike place more value on eco-friendly properties and green lifestyles," he says.

Goslett provides his top ten tips for budget-friendly improvements to your home. 

  1. Water heating consumes almost 50% of the electricity used in a household. Install a geyser blanket to reduce heat loss and reduce the temperature of the geyser to 60°C.
  2. Install a geyser thermometer which will regulate the heating of the geyser to correspond to your schedule, instead of keeping the water at boiling point all day.
  3. Install solar panels for water heating. Find out from your municipality regarding the free installations driven by the Department of Energy, or use the Eskom rebates available to reduce the costs, or use a solar water heater supplier that offers finance as part of their service.
  4. Install energy saving compact fluorescent lamps (CFLs) throughout your home by participating in Eskom's CFL exchange programme in which your old, less efficient incandescent bulbs can be exchanged for CFLs, free of charge.
  5. Energy-saving shower heads not only look modern and require no maintenance, they also operate 48% more efficiently than an average shower head, which results in significant water and heating cost savings.
  6. Every flush of the toilet uses 11 litres of water. Put a water saving device into the toilet cistern or make your own with a brick or a plastic bottle filled with sand. 
  7. Install a pump system that will allow you to use grey water from the bath, shower and washing machine to water your garden. 
  8. Consider ceiling insulation, which can reduce heat losses through the roof by 80%, reducing both heating and cooling bills.
  9. Install ceiling fans, double-glazed windows and well-positioned awnings to keep your home cool during the hot summer months.
  10. Plant only indigenous plants in your garden - they consume very little water and require minimal maintenance.

He further advises home owners to keep all invoices and to point out the renovations to their estate agent when listing their property for sale or for rent as it will help the estate agent to determine the selling price and/or monthly rental income of the property.

Recent Articles

Featured Rating agencies may come knocking

It is only the middle of February, but the rand has already made two big moves. The first was the rand moving from R14.60 to R 13.20 at the beginning of the year, as emerging markets (EM) became fashionable again. The second was where the rand gave away nearly 90 cents in 2 weeks as the EM rally ran out of steam, and local events started to hit the headlines.

Read more

The cost of sending money home to neighbouring countries

Transferring money home within the Southern African Development Community (SADC) provides vital financial support for many households in neighbouring countries.

Read more

Student bank accounts: Which come out on top?

Being a student signals budgeting and not having a lot of money at your disposal. This means streamlining expenses such as your grocery costs and entertainment budget. But what if your bank account is in fact costing you more than you can afford?

Read more

Can you afford an ambulance in South Africa?

When a loved one is straddling the line between life and death, you won’t hesitate to call an ambulance. This week, Justmoney found out how much an ambulance ride costs in South Africa, whether you can refuse to get into an ambulance, and who pays the bill if you’re unconscious. 

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

President Hotel Easter Special

Price: From R1,500
When: 15 March to 30 April
Where: Cape Town

Kulula-Preskil Island Resort Special

Price: R16,999
When: 11 May -14 September
Where: Mauritius

A Touch Of Madness Tuck In Tuesday Special

Price: R70
When: Tuesdays
Where: Cape Town