Building a House That’s as Eco-Friendly as Possible

July 4, 2016 - Posted in First Home Buyers, Investment property

When you’re buying a new home or renovating an existing one, there are many things you can do to improve the efficiency of the utilities and materials you use — consuming fewer natural and non-renewable resources. Many of these changes also make financial sense and can lead to reduced bills in the future and increase the value of your home. Here are a few changes you can make in your household.

Build with Better Materials

Building with timber, using fewer plastics, and creating powerful insulation are just a couple of ways to think about the environment while you’re designing a house. If you’re building your house from scratch or doing major renovations, consider working with a contractor who is dedicated to using renewable materials and sustainability principles in the structure.

Switching to Renewable Energy

Your energy company can source the power for your home in several ways. Consider switching to an energy company that specifically generates electricity from renewable sources, such as wind turbines and solar instead of coal and other fossil fuels. Some energy companies you already use may give you the option to select where your electricity is coming from — which can be a great way to help reduce your impact on Australian resources.

You can also install solar panels onto your house, which is an excellent way to source all or most of your electricity with minimal impact. Recent advances in solar storage mean you’re able to rollover and store the electricity you generate during sunny days — making it more and more possible to rely entirely on solar energy. Plus, like paying off your mortgage monthly and owning a bit more of your house each time, paying off your solar panels means you’ll own your electricity rather than renting it from an outside power company.

Reduce Waste

One of the biggest household wastes in Australia is food (nearly 40% of the average Australian bin is food). When you throw food scraps into landfill, it produces methane gas — 25x more damaging to the atmosphere than carbon dioxide. Try composting your food scraps by feeding them to chooks, or collecting them and donating to a nearby community garden rather than sending to the landfill.

Challenge your family to buy less of what you don’t really need, and reuse everything you can.

Smart Lights

Switching to LED lights saves electricity usage and costs. Taking it one step further, changing an outdoor light to a motion-activated sensor will reduce your electricity consumption. But that’s not the best out there anymore — new smart light technology lets Australians fully integrate their light system with other features, such as security alarm systems, Wi-Fi, and entertainment. Check out what new Australian companies are doing to reduce energy by integrating features you already use.

Multi Choice Home Loans wants to see you thrive in your new home. Talk to one of our mortgage brokers about how we can help you finance your home purchase or next renovation.