FACT - Energy Efficient Improvements increases the value and sale-ability of your home
New research released from the DECC shows that by making energy efficient improvements to your home can increase the value by 14% (on average) or £16,000.
With fuel bills continuing to rise, buyers are becoming more and more conscious about the energy efficiency of their prospective new homes and are willing to invest more in a property now if they know it will cost them less to run in the future. In certain areas homeowners have seen an extra 38% added to their sale value, by improving the energy performance rating (EPC) from band G to E, or from band D to B.
Following the release of these figures, Energy and Climate Change Minister Greg Barker said:
“We have long known the benefits of making energy saving improvements to the home, but this study is real evidence of the huge potential rewards.
“Not only can energy efficient improvements help protect you against rising energy prices, but they can also add real value to your property”
There are over 40 different energy-saving measures that will add pounds onto property value and improve saleability, all of which can be financed through the Government’s Green Deal scheme.
The UK has the least efficient homes in Europe with £2-3 billion worth of energy wasted every year because our homes are poorly insulated and inefficiently run.
The Government aims to improve 14 million homes by 2020 and a further 12 million by 2030.
“There are some 26 million homes in Britain, most of them about as well insulated as a rabbit hutch, and they need immediate help to be made less wasteful,” said Kevin McCloud, broadcaster and co-founder of the Grand Designs Future Living home retrofit company.
Almost 46 per-cent or properties are in EPC band D and would benefit from energy efficiency improvements.
“This timely report tells us what we suspected all along: that people really value the well-insulated, energy-efficient home; that modest investment in measures to make our homes more comfortable, healthier and cheaper-to-run really pays off,” added Kevin McCloud.