Does energy efficiency matter to homebuyers?

With more fuel increases on the way, and Building Regulation changes coming this June to pave the way for the introduction of the Future Homes Standard in 2025, the appetite for having an energy efficient home is there when you consider:

• Almost three-quarters of homebuyers prioritise the energy efficiency rating of a property when looking to buy a new home
• Raising your home’s EPC from a G rating through to a higher A or B rating can increase property value by as much as 14% in some areas
• A new report claims typical energy bills of new build houses are around £400 a year less than other properties
• Replacing an entire single-glazed detached house with A+ rated double glazing can save around £110 on your yearly energy bills.

However, initial upfront costs, recovering the cost, and uncertainty around how much money can be saved as a result of the improvements are all key factors preventing homeowners from taking action – with just one in ten upgrading their central heating system in the previous year.

That said, it’s encouraging to see that energy efficiency is playing a bigger part in the homebuying process. So, as prospective homeowners become more environmentally aware and increasingly willing to pay more for better energy ratings, here are three hidden benefits of an energy efficient home you may not have thought of.

Are energy efficient homes more valuable?

1. Lower home insurance premiums

Better levels of security work towards lowering home insurance premiums, but what about improving energy efficiency?… Some insurance companies are now offering discounts to households with energy efficient windows, doors, and appliances. So, it’s worth contacting your insurer to see what they can offer.

2. Better air quality

Replacing windows and doors with energy efficient alternatives will also relieve the pressure on your heating system so you don’t need to use it as often. In turn, this will allow the air to circulate around the house better, reducing stagnant air and improving air quality throughout. With this in mind, it’s easy to see why modern bifold doors and sleek sliding doors are as favourable as ever in an age where clean air is vital.

3. Positively impacts the local economy

Buildings in Britain account for 17% of the country’s greenhouse gas emissions, which could cover 34% of the emission cuts needed by 2030 to stay on target. Potentially creating 22,545 new full-time jobs, it would also provide a welcome GDP boost of nearly £1.3 billion a year.

High performance windows and doors in the Midlands

With four in 10 households struggling to pay their energy bills even before this month’s energy price hike, there has never been a better time to re-evaluate the thermal efficiency of your home. So, if you like the idea of your home working with you instead of against you, get a quote, visit our showroom, or contact us to discuss your options further.