How gas prices affect Real Estate

Gas prices are continuing to go up, and we are starting to see some real changes in consumer behaviors here in Portland. People are buying smaller cars, over large SUVs and trucks. But the rising energy prices also affect where and how people choose to live and buy Real Estate.  Here are a few things that we like to look out for our energy-conscious real estate clients.

1. How far is your desired home away from all the places that you need to go frequently. Your work, your kids’ school, the airport or even your relatives’ homes. Also, is there public transportation nearby that can get you around?

2. How big is your desired home, and do you really need all that space? Begin planning how you’re going to use the space even while you’re in the home buying process.

3. Is your new home well insulated. A well-insulated home can shave hundreds off your heating and air conditioning bill.

If gas prices continue to rise, this list will probably continue to grow.

Share and Enjoy:
  • Facebook
  • Twitter
  • LinkedIn
  • Digg
  • del.icio.us

Leave a Reply