Get More Money For Your House By Installing Energy Efficient Improvements
If you make Energy Saving improvements on your home you can increase the sale price by around 14%. This is the average figure you can expect to make, but it can be as high as 38 per cent in some parts of England. This is news released by the Department of Energy and Climate Change (DECC) following their latest survey results.
The report was released following scrutiny of 300,000 property sales in England between 1995 and 2011, a mammoth task which makes it the most comprehensive study of its kind to date.
If the owner of an average English home carries out work which improves the EPC (Energy Performance Certificate) from band G to E, or from band D to B it could mean an additional value of £16,000. In the North West this type of Home Improvement could see an additional £23,000 added to its value. Presumably because it is colder up north so the savings are greater!
Asked to comment on the findings Broadcaster Kevin McCloud said:
“There are some 26 million homes in Britain, most of them about as well insulated as a rabbit hutch, and they need immediate help to be made less wasteful. This timely report tells us what we suspected all along: that people really value the well-insulated, energy-efficient home; that modest investment in measures to make our homes more comfortable, healthier and cheaper-to-run really pays off.
The Green Deal is now maturing into a helpful way of financing a lot of the retrofit solutions around. Homeowners can now start to make these changes, alleviate the burden of high energy bills and improve the value of their prime asset.”
Kevin McCloud broadcaster and co-founder of the Grand Designs Future Living home retrofit company
If you want to find out more about which Green Deal works are most suitable for your home you can visit the BeEnergySmart website, where you will find a handy calculator to find out which Energy Saving Home Improvements will be best for your home.