Property Experts Agree: Add Real Value to Your Home by Boosting Your Energy Efficiency Rating

When we are house hunting in today’s property market, it seems that many of us are no longer swayed by a kitchen or bathroom makeover alone and one of the key questions being asked by prospective purchasers is what the energy efficiency rating of the house is.

According to TV property expert Phil Spencer, who writes a blog for energy provider power, if we are to boost the kerb appeal of our home we have to put more resources into improving its carbon appeal.

What buyers want

A recent study of the UK property market showed that almost 80% of new home buyers would only consider making an offer on a property if it is considered to be energy efficient. Whereas some sellers might even have considered the rating system to be of marginal importance, it is clear that the majority of potential purchasers consider the energy efficiency of a property to be a crucial factor.

If you wanted further evidence of the fact that energy efficient properties is what buyers now want, consider also the fact the study showed that just over half of buyers would actually pay more for a property that had greener features, and an overwhelming majority would try to negotiate a lower price for any property that was not considered to be energy efficient.

By installing insulation and carrying out a number of initiatives such as installing solar panels on the roof and even installing low energy bulbs around the house, you would be making savings on your energy bills and potentially adding value to your property at the same time.

Ratings explained

In order to obtain an energy rating for your property, an assessor will carry out an inspection which will normally take around two hours to complete.

Once all the relevant data readings and information have been gathered together, the inspector will then use specially designed software  in order to produce an energy rating for your property.

The energy performance certificate that is issued is incorporated into sales particulars for yourhome if you are selling your property. What the certificate will contain is an overall energy efficiency rating, an environmental impact CO2 rating, details of your estimated energy use, CO2 emissions and fuel costs, a summary of your homes energy performance together with details of any suggested measures that you could implement in order to improve the performance rating.

When it comes to the energy efficiency rating, your property will be rated using a banding system that runs from A to G, with A being the most energy efficient and G being the worst.    The energy performance certificate will also show you a potential rating that could be achieved if energy saving measures were introduced.

Each band represents a rating points number range, so for example Band G represents a ratingspoints score of 1­20 points and Band A means you have a score of 92­100 points. The points system is useful because the recommended improvements have a points value associated to them so cavity wall insulation will be worth 13 points and roof insulation  is worth 10 points. This means that you have a very clear idea of what each improvement will be worth and if you want to move up a couple bands, you know exactly how you might be able to achieve this goal.

When you look at the current mind­set of property buyers, it is quite clear that you can add real value to your home when you manage to boost you energy rating to as high a level as possible.

Adam Wilmer has been working in properties for many years. He often blogs about the basics to improving one’s chances at a successful property sale in today’s market, from refurbishments to understanding local economies. 

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