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Research also indicates that homelessness among individuals aged 65 and older will reach its peak by 2030, with veterans being disproportionately affected compared to the general population. Smart-home technology is becoming an increasingly important component of aging in place.
A few of the incentives and programs leading the way when it comes to cleaner building include: BC Energy Step Code – The BC Building Code requires a 20% energy efficiency improvement for most new builds in BC Vancouver’s Zero Emissions Building Plan (ZEB) – A plan to transition to zero-emission new construction by 2030 BC Hydro’s Power (..)
Upgrades to existing buildings brought an even bigger reduction in operating costs globally, with green renovations at 11.5% Construction of new green buildings and green renovation or retrofit projects increase the asset value of buildings by upwards of 9%. Integrate renewable energy technology to supply the building’s power.
When investing in commercial real estate, understanding property classes helps gauge a buildings quality, risk profile, and renovation potential. Class C : Older buildings in less desirable locations, often needing significant renovations. Local market nuances, renovations, and subjective assessments can all shift a propertys status.
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