How does sustainable construction payback in the long term?
Yes, building more sustainably is more expensive in the short term, but the payback in the long term is granular. How?
- Energy savings: energy-efficient buildings typically consume 25-30% less energy than conventional buildings, resulting in savings.
- Maintenance and operation: sustainable buildings often have lower maintenance costs due to the use of resilient, high quality materials and efficient systems.
- Return on investment (ROI): shorter payback period. Despite higher initial costs, the payback period of a sustainable building can be relatively short (5-10 years) due to energy savings and efficiency.
- Increased real estate value: sustainable buildings often have a higher market value and can attract higher rents, thus improving the return on investment.