Green up your home and reduce your energy bills

Improving the energy efficiency of your home can lead to reduced bills and greater warmth during colder months. Therefore, if you are planning on making home improvements, it’s a good idea to consider environmentally friendly options as well. Even minor changes can add up and make a significant impact.

According to research, approximately 17% of individuals who are making home improvements have a goal of making their homes more environmentally friendly[1]. However, one in twenty people who are keen on becoming more sustainable are unsure where to begin.

ENERGY EFFICIENCY PRIMARY MOTIVATION

Out of the participants surveyed, almost 60% are considering the environment in some way while undertaking home updates. At present, less than a tenth (8%) of individuals seem uninterested in making their homes more sustainable are unsure where to begin.

For 22% of individuals who are currently making home improvements, energy efficiency is the primary motivation behind their efforts.

RELATIVELY SIMPLE UPDATES

Some relatively simple updates like draft exclusion, better underlay, loft insulation and double glazing can have an immediate effect on both your home and bills.

More expensive alternatives such as ground and air source heat pumps or solar panels can provide long-term financial and environmental benefits.

The cost of installing loft insulation may vary depending on the size and type of property, with mid-terraces being typically cheaper range between approximately £450 to £640. However, annual savings on energy bills could amount to between £330 to £590, which means that investing in loft insulation may pay off in a relatively short time frame.

UNAPPEALING POTENTIAL PROBLEMS

It’s important for homeowners to be aware of issues that can cause energy inefficiency in their homes, as these problems could create difficulties if they decide to sell their property in the future.

They survey highlighted 56% of homebuyers would only consider purchasing a home that requires minimal or no work. Structural problems such as cracks, subsidence, and major damp and mould were the most unappealing potential problems when looking for a new home. In fact, 70% of individuals claimed that these issues would discourage them from buying a home.

INCREASINGLY IMPORTANT FOR HOMEOWNERS

With almost 60% of individuals considering it to be an essential feature in their homes, energy efficiency is becoming increasingly important for homeowners.

Additionally, the research indicates that many people now view a study space and open plan living as necessary, but having a good Wi-Fi connection tops the list of priorities for more individuals.

Don’t forget, our professional friendly advisers are on hand to support you and can help you explore all of your options.

Source:

[1] Halifax – all figures, unless otherwise stated, are from YouGov Plc. Total sample size was 4,621 adults. Fieldwork was undertaken between 13–15 July 2022. The survey was carried out online. The figures have been weighted and are representative of all UK adults (aged 18+). Roof and loft insulation guide – Energy Saving Trust. Figures correct as at 20 October 2022.