Archive: Increase your house value through energy efficiency
(Written on 29th Sept 2022) With the energy crisis high on the new agenda currently, we thought we would look at EPCs and whether you can increase your house value through energy efficiency.
Adam Nanson, impartial mortgage broker at Your Mortgage Expert comments:
Are Buyers Willing to Pay more for an energy efficient home?
“According to latest figures from Shakespeare Martineau, 77% of home buyers are more likely to purchase a green home for their next property. With the main incentives being it will be better for the environment and it will save money in the long run. The report also shows that 70% would be willing to pay more for more energy efficient homes and 68% would pay more for a home that uses renewable energy sources.
“With this in mind, it might be prudent to consider how energy efficient your property is when putting it on the market. And, to ensure your estate agent features highly any green measures you have in the property.”
How important is the EPC rating?
“One of the key features buyers will be looking at is the property’s EPC rating. An Energy Performance Certificate (EPC) is required when selling a property and includes a rating for the property from a scale of A to G. According to Money Supermarket, if your property has the highest “A” rating, this can add a potential extra 14% to the property’s value.
“If your property has a lower energy rating, it might be worth considering some simple fixes to improve this. Such as energy efficient light bulbs, installing insulation and other measures that are highlighted on your EPC certificate. Katy Esdon talks about some of these measures in her article in this month’s blog.
“As we getting into winter and the true cost of energy becomes evident, these factors may well become more important. Especially as we look towards reaching Net Zero in 2050, energy efficient homes will be play a increasingly important part.
“So, if you are renovating your home currently, or fixing it up to sell in 2023, one of the elements that should be high on your list is making it more of a “Green home” or more energy efficient.”
If you have any questions regarding anything you have read in this article about how to increase your house value through energy efficiency, please do not hesitate to get in touch.
We can compare the Mortgages from across the market and can also advise on Green Mortgages.
Simply call us on 01722 322683 or complete a contact us form on our website and tell us when it would be best to get back in touch with you.
The information contained within this article was correct at the time of publication on 16th August 2022. It is intended for information only and does not constitute advice. Your Mortgage Expert Ltd and Mortgage Advice Bureau cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation.
The information contained within this article was correct at the time of publication. It is intended for information only and does not constitute advice. Your Mortgage Expert Ltd and Mortgage Advice Bureau cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation.
Source: https://www.moneysupermarket.com/gas-and-electricity/value-of-efficiency/