Does a Green Roof Increase Property Value?
Cities seem to be growing vertically as much as they are horizontally anymore.
As natural spaces get harder and harder to find, green roofs are filling the gap. Businesses, restaurants, apartment complexes, offices, and more are making use of their rooftop spaces this way. For businesses in Philadelphia, King of Prussia, and throughout Southeastern Pennsylvania, integrating a green roof can offer a multitude of benefits, including the potential to increase property value.
Let’s explore the impact of green roofs on property valuation and why they are a smart investment for a modern business.
Environmental & Economic Benefits
Reduced Energy Costs
Green roofs provide natural insulation, significantly reducing heating and cooling costs. Soil and earthen materials are excellent at regulating temperatures, especially keeping spaces cooler in the summer. According to the American Society of Landscape Architects (ASLA), a green roof can “limit the transfer of heat from a building exterior to its interior by up to 72%”.
Managing Stormwater
Managing stormwater in big cities is something authorities have battled with for generations.
Cities love to be made of impermeable surfaces (like cement) and leave minimal grass and natural ground to absorb rainwater. Green roofs absorb rainfall, reducing runoff and alleviating the burden on municipal drainage systems.
Tax Advantages
Many municipalities offer tax incentives and grants for green roof installations. These financial benefits can offset the initial investment cost and enhance the overall value proposition of the property.
Health & Wellbeing
Probably the most exciting part and the thing you’ll feel the most: health benefits.
Green roofs contribute to cleaner air by filtering pollutants and producing oxygen. This not only benefits the environment but also promotes a healthier workspace, increasing employee productivity.
By providing a new habitat for various plant species and insects, green roofs also support local biodiversity. This environmental contribution enhances a company's reputation and aligns with corporate social responsibility goals.
Market Perception & Property Value
Aesthetics do quite a lot for property value.
Green roofs are an undoubtedly attractive and vibrant addition to any building. Properties with green roofs often stand out in the real estate market, attracting buyers and tenants who prioritize sustainability. This increased demand can translate into higher rental rates and property prices.
Green roofs do well at protecting the underlying roof materials from extreme weather conditions and UV radiation, extending the roof's lifespan. This durability reduces maintenance costs and makes the property more attractive to potential buyers.
Design Your Green Roof in King of Prussia & Philadelphia
For property owners & business owners in Philadelphia, King of Prussia, and across Southeastern PA, installing a green roof is a move that combines aesthetic and economic advantages.
But designing and installing a green roof is no small feat. Proper water drainage and choosing the right plants or grasses are just a portion of the process. Our team at Hoffman Design Group knows exactly how to get your Green Roof started. Schedule a FREE design consultation to get started.