Benefits of Sustainable Real Estate Development: Environmental Reasons for Building Green

With globalization and the increase in population, there have been numerous developments around the world. There are new inventions, new industries, and new infrastructure being developed around the world that have been very useful to humankind. But have you ever wondered at what cost are we getting all these utilities? Amid all these advancements, the major sufferer has been the planet Earth. We are leaving behind large footprints that are slowly destroying our planet. 

Yes, those high-rise buildings look fabulous, but all of those come with a downside, which is damaging the environment. But we cannot stop these developments because they are a necessity, we do need homes and proper real estate infrastructure to live and function, but we can do all of that by building green. Sustainable construction is not all about building with a low environmental impact; it is a new approach in the building sector that betters people's living and building.

The benefits of sustainable construction fall under three heads

• Environmental benefits

• Financial benefits

• Social benefits

The above three are primary reasons for building green as there is a lot to offer to the community.

Cost reduction

Real estate is a $10 trillion industry, but its financial struggles are real as all rework cost much more, which is why greener alternatives are the best. A green building will cost much less than a conventional building as it uses fewer resources like water and energy. On top of that, they have a very good ROI as the property value increases with sustainable construction.

Improved health

Green buildings are good for health as well. Conventional construction and furnishing materials such as paints, carpets cleaning products cause pollution, which is harmful to human health. With green building, you do away with those and use sustainable materials that help purify the air that we breathe.

Minimize waste

Around the world, real estate construction is responsible for a lot of waste. With sustainable construction, we solve this problem as renewable sources and materials are used. Demolition debris, sand, and burnt coal are excellent for the environmental and aesthetical purposes. 

Environmental protection

Using recycled materials in the construction process is good for the environment. Furthermore, sustainable construction takes into account certain elements such as the installation of well-insulated windows, insulated air conditioning, ceiling and walls, which minimizes energy consumption.

Reduced water usage

Eco-friendly construction uses the latest technologies, which use the minimum amount of water during the construction. Water is also saved by incorporating low-flow plumbing fixtures, rainwater harvesting, and water pressure reduction during the construction process.

Better use of resources

Sustainable buildings use water in an environmentally friendly way; they can be equipped with systems that recycle water, such as collecting rainwater for cleaning the toilet. 

Conclusion

Evo Opportunity Fund is committed to developing energy-efficient real estate in Qualified Opportunity Zones by creating sustainable housing for all. Evo promises to utilize the radical tax breaks provided by Opportunity Zones. The timing for this opportunity is now.