If you are thinking of selling up and moving on, then you’re probably already familiar with a few value adding estate agent tricks. You’ve got that bread baking in the oven, you’ve enhanced your kerb appeal, and you’ve taken down the family portraits.
We’re sure you’ll also know that renovations can be a reliable way to maximise your resale value and make your property stand out on the local housing market. However, while focusing on the cosmetic appeal will, of course, tip the scales in your favour, a more pressing priority for many buyers is how energy efficient a potential property is.
Indeed, making your home more energy-efficient can be a surefire way to increase your property value and attract eco-conscious buyers, and can boost your house price by 20%. Because green upgrades will reduce your home’s carbon footprint and slash your average energy bills, this makes sustainable homes highly sought-after on the property market.
Conscious, conscientious buyers don’t want to pay top dollar for a home that doesn’t manage to keep its environmental impact to a minimum. Moreover, homes that are less energy efficient are more expensive to run. So, if you’re looking to bolster the asking price of your home, read on for these 5 energy saving tips that will add value to your home.
REVIEW YOUR HOMES EPC
First things first, get hold of your EPC (Energy Performance Certificate) and review it. There’s no point in making changes that won’t help your home. Your existing EPC will offer guidance on how to improve the energy efficiency of your home, as well as showing you just how much it costs you to heat and light the property, as well as the level of CO2 your place emits. You can find yours and also assess other property in the area’s energy input on the government’s EPC Register website.
Making changes to your insulation situation to conserve the heat in your home in colder periods will, in turn, maximise your home’s energy efficiency potential and its value. Cavity wall insulation can save you up £160 a year while living in your property. But don’t just stop there, lagging jackets, which insulate your pipes, also improve the efficiency of your hot water tank. And here, every little helps.
We lose somewhere around 35% of our home’s heat through uninsulated or poorly insulated walls. That’s a huge number by anyone’s standards. Another chunk is lost through the roof if it’s not properly insulated, and another portion flies through windows that aren’t double-glazed. Which brings us to our next point…
REPLACE OLD WINDOWS
Replacing old windows with double or triple glazed options can be another easy way to reduce cold drafts and minimise heat loss. Indeed, double glazing can increase the value of your home by 10%. Moreover, the warmth that double glazing adds to your home means your heating bills will be dramatically reduced – you can save around £110 a year – another bonus for potential buyers who are analysing the value of your property via its energy efficiency.
You can find eco-friendly window styles by searching for double glazing near me and comparing options online; be scrupulous with your search and request a few quotes before settling on a supplier.
‘Solar’ has been the watchword in sustainable home energy improvements for some time now, evoking a modern, green image in the minds of potential buyers.
Installing solar panels not only reduces the environmental impact of your home; over time, they may well also lower the cost of energy use, too. With a suggested lengthy lifespan (at least 25 years) saving on bills and the planet certainly makes installation an appealing option to new buyers.
When considering your EPC (Energy Performance Certificate), your certificate will likely be promoted from a D to a band B through the installation of panels, which would likely amount to around £16,000 for your place’s value. Those lower bills we previously mentioned also make financial sense.
UPGRADE YOUR BOILER
It’s an upgrade which strikes fear into the hearts of homeowners; the days spent showerless and the financial burden of a new boiler competing for the title of ‘most unwelcome domestic event’. But deploying foresight and installing a new boiler before the red light of death brings your current one to an abrupt end is a smart move for your home’s energy output.
Older boilers, because of both design and degradation, are far less efficient than newer models, with the former operating at around 60% efficiency while the latter is 90% energy efficient. So, while the initial investment of replacing your old boiler is fairly large, in the long run money will be saved on energy bills and value added to your property, consequently.