If you are looking to sell your home, there is a lot to be said for carrying out energy-efficiency improvements before you place your house on the market.
A few tweaks and improvements can assist you in standing out from the crowd, and in connecting with likely buyers. This is something we have seen for ourselves, and it is something that has come up in a recent study.
Energy efficiency is a vital factor in the housing market
A recent study by FJP Investment spoke with more than 1,000 people. 44% of respondents said they would pay more for a home that has a high energy efficiency rating. When focusing on people aged between 18 and 34, 59% said they would pay more for a home with a higher energy efficiency rating.
The study also showed only 22% of respondents said they would buy a home with a low energy efficiency rating, and take steps to improve their rating.
Jamie Johnson, chief executive of FJP Investment, said: “The energy prices hike will see homeowners across the UK facing much higher energy bills compared to previous years, and our research shows that more people are starting to take green credentials more seriously when it comes to their next home or property investment. Greater energy-efficiency will continue to increase as a key factor in preferences as homeowners seek to reduce energy bills and live more sustainably. Now, more than ever before, developers, construction firms and designers must prioritise sustainability in future projects to meet the demands voiced by homeowners, with most seeking a property already equipped with energy-efficient features rather than one that needs retrofitting further down the line.”
Jamie Johnson also said; “While the tax relief announced in the Spring Statement on solar panels, insulation and heat pumps is a step in the right direction, the measures don’t go far enough to solve the affordability issue facing many households who will find these energy incentives largely out of reach. Driving sustainability in new homes and removing the affordability barriers to green renovations and sustainable home ownership needs to be at the forefront of the government’s agenda, who must work hand in hand with the construction industry to ensure greater progress is made.”
Contact Fraser Reeves for all your Newton-le-Willows property needs
As local agents in Newton-le-Willows, we are keen to support vendors, buyers and landlords in the area as best we can. We offer an extensive range of services, aimed at helping you make your next move with confidence.
If you would like to arrange a property valuation, or discuss your property options, please call Fraser Reeves on 01925 222555.