Now we have firmly entered the chilly winter months, and many are bracing for long, cold days at home with blankets and hot water bottles at the ready, the question that comes to mind: why are thousands of households not making their properties more efficient?
The simple answer is cost and a lack of funding. The UK’s housing stock is the oldest and least efficient in Europe requiring urgent energy efficient measures to be installed to protect them from high energy costs. Many would ask what other benefits other than savings on your bills can increasing the efficiency of your home do?
Savills found that 77% of buyers have said that the prospective energy consumption of their next home is important to them and making properties more energy efficient not only reduces monthly bills and Co2 emissions, but also increases property value making it a smart financial economical decision.
Making your home ‘future proof’ by installing measures such as insulation, solar panels and EV charge points makes them more attractive to future buyers and tenants as well as ensuring you and your family are saving money. Buyers are routinely asking questions about the condition of the property, its EPC rating; energy efficiency is one of the biggest factors buyers are considering before deciding whether to buy or rent.
Simple and effective changes you can make in the short term that make a noticeable difference to your on-going costs will offset the cost of initial installation, as well as returning the value to you by protecting and increasing your asset. Energy efficient homes are certainly gaining the upper hand in the competitive property market.
More funding is available for residential and investment properties. Hous & Home are able to work with clients to provide advice and provide a strategy for future proofing their assets.