Property360 National Digital Magazine - 19 November 2021

Page 3

1 9

N O V E M B E R

2 0 2 1

3

Sustainable, green living does not only mean welcome utility efficiencies but is about quality of life and the future health of the planet. PICTURE: ANDRE CASTI/PIXABAY

Letter from the editor WITH rolling blackouts nationwide, Johannesburg residents having no water for days on end, and COP26 in the background highlighting the climate crisis the world is in, it’s no wonder green buildings are having a moment. When we discussed green buildings years ago, they were seen as fringe and they certainly weren’t going to be on the cover of a property magazine. Yet, today, they are front-page news as the world grapples with not only how to live sustainably, but also more gently, on this planet. Crisis after crisis is highlighting why we should look at going off the grid and having water-wise homes. We’ve also seen kitchen gardens become popular during the Covid pandemic, with people realising they can’t always rely on food systems, and many calling on that “weird” cousin or friend living in the sticks to ask how they actually live so well without electricity and a shopping centre close by. The term “climate refugee” is also being bandied about, making people observe more closely where they are buying homes and how safe they will be from the inevitable rising sea levels and other climate change issues. Developers are also cottoning on and green buildings are all the rage, meaning homes built today will certainly be better proofed against the elements and badly-run entities in the future. We at Property360 are greenies, and so welcome this move to sustainable building and living. We are excited about the amazing new things developers will come up with, and it’s wonderful to know that many share our enthusiasm. Regards

Vivian Warby vivian.warby@inl.co.za

FIND US HERE: @property360.co.za

@property360_za

@property360.co.za

Going green is a win-win

A sustainable home saves money, helps the environment – and protects us from water and electricity shortages BY BONNY FOURIE bronwyn.fourie@inl.co.za

I

F THE desire to save money and live more sustainably were not enough to convince South Africans to “green” their homes, the frustrations of load shedding – and in some areas water supply issues – are pushing them to change. And although the main motivation might not be ecological, our environment will benefit. Another plus is when owners sell their green homes, they could pocket a little extra money. Grahame Diedericks, manager principal for Lew Geffen Sotheby’s International Realty in Midrand, notes the reason many homeowners are installing sustainable-living features in their homes has shifted. “Previously, the focus was largely on cost saving but with the difficulties we are experiencing at present with the supply of electricity and, often, water, it is becoming a common need for homeowners to be more independent with their water and electrical needs,” he says. This also means there is a positive financial return when selling due to the demand for green home solutions. Samuel Seeff, chairperson of the Seeff Property Group, says while consciousness of the precarious state of the environment ranks high on many people’s home buying agendas, he agrees that it is, increasingly, the country’s woes in terms of water, electricity and other services that are driving homeowners to upgrade their homes to be energy and water efficient. At a basic level, this includes lighting, solar geysers, heating, water gathering and storage tanks. “These are, of course, all contributing to a reduction in one’s carbon footprint while at the same time making homes more sustainable,” Seeff says. And with many people spending much of their time indoors, the importance of a healthy building is self-evident, says Anthony Stroebel, head of new business development for Pam Golding Properties and a director of the Green Building Council South Africa (GBCSA). “There is a growing awareness that the quality of our indoor environments plays an increasingly important role in our overall productivity, health and wellness.”

BUYING GREEN Interestingly, Seeff says that neighbourhoods where local communities help to keep them clean – including clearing litter from green belts, streams and rivers – are becoming desirable when buyers shop for a home. Diedericks says the most frequently asked question from buyers at present is to do with solar and generator back-up, again linked to the country’s electricity issues. “If the green features will save them money over time, then most buyers are willing to pay more but now, with load shedding increasing, I think buyers will also be more than willing to pay more to avoid the inconvenience of being without power.” Seeff adds that while green features add value, buyers do not want to have to pay excessive premiums for such features. “They still want good value and a fair price.” SELLING GREEN His advice for homeowners and prospective sellers is: “When you install green features, consider the costs versus the value that it will add. Do not do it just to get a higher price.” Stroebel says property owners are increasingly realising that incorporating green-living design into their homes is not only significantly contributing to the value of what is usually their primary asset, but also increasing its “sellability” if and when they decide to move. “A green home typically sells at a premium to other regular homes of a similar size and location and, more than likely, also sooner.” As people adjust to life in the post-Covid world, he says, it seems green building will finally be embraced by the mainstream. “While sustainable, green living offers welcome utility efficiencies it is essentially a more holistic concept. Stretching from upstream considerations, such as building materials and design, all the way downstream to energy consumption and waste generation, a sustainable lifestyle is – at its heart – about the quality of life and the future health of the planet.” BUILDING GREEN While certain developers are leaning towards solar options for power and geysers, Diedericks says

this is generally not yet a non-negotiable request from potential buyers. He adds that although “green” building is still a matter of choice in South Africa, revised building regulations promulgated in 2011 stipulate that all new buildings must be constructed in accordance with a list of energyefficient specifications. These cover aspects such as roofing, insulation, water heating and lighting. Echoing this, Seeff says new builds, both free-standing and in estates and sectional title complexes, are now generally as a matter of course equipped with green building features. However, these often go much further in terms of use of sustainable building materials and so on. “We do find that these features can be costly for lower-income households but they are certainly in demand and add value to your property, especially in the upper price bands.” While most new developments include solar heating and water harvesting and recycling, as well as indigenous gardens, at a basic level, some have more sophisticated features. COMMERCIAL PROPERTY GREENING Stroebel says South Africa is a leader in the growing global green building sector but, initially, the focus has been on the commercial sector. The benefits are already evident. “It is estimated that green buildings reduce operating costs by 8% on average – primarily through reduced energy and water usage as well as lower long-term operating and maintenance costs,” he says. The GBCSA recently announced that 140 buildings had been certified over the past year – a record number, illustrating the growing momentum of green building in the country. Chief executive Lisa Reynolds says that certified green buildings have “held their own”, as far as vacancy and return rates go, over the past year. “Property owners, tenants and investors are now insisting on better, certified green buildings, as the environmental and financial benefits of these become indisputable. “To date, the GBCSA has certified 740 buildings since 2009.”

DISCLAIMER: The publisher and editor of this magazine give no warranties, guarantees or assurances and make no representations regarding any goods or services advertised within this edition. Copyright ANA Publishing. All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from ANA Publishing. The publishers are not responsible for any unsolicited material. Publisher Vasantha Angamuthu vasantha@africannewsagency.com Executive Editor Property and Environment Vivian Warby vivian.warby@inl.co.za Features Writer Bonny Fourie bronwyn.fourie@inl.co.za Design Kim Stone kim.stone@inl.co.za


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.