Smart homebuyers consider climate risks before buying real estate

As temperatures rise homeowners face increasing financial concerns related to conditions change A LendingTree survey reveals that of homeowners worry about climate-related hazards affecting their homes with millennials expressing the greatest concern Severe storms hurricanes and flooding are the top threats More homeowners are now considering relocating from high-risk areas of those living in at-risk regions are contemplating a move and have already relocated A crucial majority believes that circumstances change risks should be disclosed during the homebuying process Nearly of real estate agents believe setting change is affecting consumer choices about where to live and what homes to buy according to a Redfin survey There s a nearly even split regarding surroundings concerns among agents with reporting more concerns and less Overall of homeowners would pay more for homes in lower-risk areas and have been deterred from purchasing homes due to surroundings concerns according to LendingTree Homeowners are also worried about rising insurance costs with expecting state risks to increase their premiums Approximately summary already experiencing increased insurance costs and have purchased additional coverage The cost of a standard homeowners insurance agenda in the U S is now higher than in due to increased extreme weather inflation supply chain disruptions and the rising costs of rebuilding after asserts Making homes more environmentally friendly In addition to worrying about setting risks homeowners also want to reduce their environmental impact Approximately consider environmental sustainability to be at least somewhat central when deciding to purchase a home That percentage increases to among parents with children under and among millennials About of homeowners have invested in renewable vigor systems to reduce state change risks and environmental impact Common investments include energy-efficient appliances HVAC systems smart thermostats weatherproofing solar panels rainwater harvesting systems and green roofs Oakwood Homes offers energy-efficient homes in the Denver area starting in the low s Related ArticlesDecember Sponsored Why Denver real estate experts say don t panic about winter slowdown November Sponsored Homebuyers prioritize pet-friendly features in pursuit of dream home November Sponsored Colorado housing territory stabilizes in October as new listings and sales dip November Sponsored Green to gold How legal cannabis helps Colorado s housing region thrive November Sponsored How Denver s October territory reset creates opportunities for buyers sellers The company s advanced systems and windows enhance comfort and reduce resource costs addressing the importance of potency savings for homeowners We understand that saving capacity is an vital consideration for the present day s buyer because it s part of the total cost of homeownership and we recognize that individual comfort and savings matter too explained Ryan Delp Colorado realm president of Oakwood Homes Oakwood Homes offers ultra-efficient heating and cooling systems to reduce humidity save capacity and improve comfort Advanced high-performance windows in our homes keep heat in during the winter and out during the summer maintaining comfort while lowering capacity costs The news and editorial staffs of The Denver Post had no role in this post s preparation