Is Sustainable Multi-Unit Development Design Profitable?
In a world where more people are thinking about their impact on the environment, sustainable and eco-friendly home design is increasingly expected for multi-unit development builders. Sustainable home design is about more than just reducing your eco-footprint now. It’s about helping future generations also minimise their eco-footprint.
What makes a home design sustainable? Sustainable homes tend to have three key elements: environmental sustainability, social sustainability and economic sustainability.
Environmental sustainability refers to whether the home is built to reduce greenhouse gas emissions, save water and reduce waste and energy from the build stage through the lifetime of the property.
Social sustainability refers to the security elements of the property, as well the property being able to be used by residents of varying abilities and mobility.
Economic sustainability comes down to the property saving money during both the construction phase and over the lifetime of the home. This means avoiding using designs and materials that will need major renovations and utilising appliances that reduce energy and water usage.
When these three elements are combined correctly, a sustainable home can be extremely profitable.
A study project by the Queensland University of Technology (QUT) in collaboration with PRDnationwide, the Karlsruhe Institute of Technology Germany and other industry partners found that sustainably designed homes not only came out on top when placed on the sales market, but they:
- Recorded more savings on utility bills and required less overall maintenance
- Required less materials during construction and released fewer emissions
- Had higher resale value
Sustainability features on the homes in the study included solar panels, insulation, grey water systems, energy efficient appliances, low-flush toilets and non-toxic building materials.
What Assets Make a Sustainable Property Profitable in Melbourne?
One factor that makes these homes so profitable is the overall build process. At delcon design and construct, as specialist multi-unit builders in Melbourne, we know exactly what it takes to make a design more appealing and the construction phase more efficient. For developers considering their next build, there are some “must haves” and some “desirables” when it comes to designing and building eco-friendly homes.
“Must haves” include ceiling insulation, solar electricity and hot water, shading devices, gardens that partially block the sun and heat and energy efficient appliances.
“Desirables” include tinted windows, quality doors and windows and maximising natural light in often used rooms while ensuring they aren’t affected by direct sunlight.
While sustainable and eco-friendly homes are popular, and profitable, the level of this can come down to the communication levels between developers, agents and purchasers. Thankfully, delcon maintain a professional network of service providers who are experienced in the industry. delcon often refer our clients to experts in their field who have demonstrated incredible results for multi-unit development projects in Melbourne.
Experience shows us that with the right team, excellent return on investment can be achieved with development projects that consider eco friendly and sustainable practices within the homes.
Sustainable home design can certainly be profitable. It takes the knowledge on designing and building a desirable eco-friendly home, and then having the team to connect your development to the right buyers.
Looking for advice on how you can make your next Melbourne property development project both profitable and sustainable?
Get in touch with us today on 1800 335 226, or email info@delcon.net.au