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How ‘energy efficiency’ can boost home value by as much as £16,000

Posted 11th February 2022 by sdlt-admin

SDLT Refunds is a division of Cornerstone Tax – The UK’s leading Stamp Duty experts.

We’ve reclaimed over £15 million in the last 12 months on overpaid Stamp Duty. See if you are eligible for a refund from HMRC.

Read the full article on The Express

A PROPERTY expert has claimed “green improvements” and “energy efficiency” can add as much as £16,000 to the value of a home. However, almost 50 percent of homeowners find the changes they would need to make too expensive.

With energy prices set to rise in the coming months, more homeowners are looking for ways to make their homes more “energy efficient”. An energy efficient home can not only save homeowners money on energy bills but it can also improve the market value of a property too. For many homeowners, making their homes more efficient is at the forefront of their minds.

A recent study from Cornerstone Tax revealed that 45 percent of homeowners had looked into making their home more energy efficient, but found it too expensive without support from the Government.

In the UK, property is responsible for a whopping fifth of the total of the nation’s carbon dioxide emissions.

To tackle this, the Government pledged that by 2035 every residential property should have an EPC rating of C or above.

An EPC rating is a review of a property’s energy efficiency.

The bands go from A to G, with A being the best rating a home can have, and G being the worst.

This is part of the Government’s long-term plan to tackle climate change.

A recent study by the Government found that making green improvements to a property could increase its value by over a third in some parts of England.

Meanwhile, making improvements to a property’s energy efficiency rating could add more than £16,000 on average to the sale price of a property.

However, there is still a long way to go when it comes to improving the energy efficiency of homes in the UK.

It is estimated that 30 percent of homes in England and Wales are still rated E, F or G.

The study by Cornerstone Tax also found that making homes more energy efficient is a priority for homeowners – with 36 percent of homeowners thinking that making their home more energy efficient is a priority for them this year.

But for many homeowners, the price of making home improvements is a major obstacle.

David Hannah, principal consultant at Cornerstone Tax discussed how homeowners can make their home more energy efficient.

He said: “There’s evidently huge demand for greener homes.

“The benefits of making your home more energy efficient can be substantial.

“You will feel a sense of pride in helping towards sustainability goals and it will cut costs in the long run.”

For those who can’t afford the extra expense of making a home eco-friendly, or simply don’t want the hassle, Mr Hannah said the “solution” would be to buy a new-build.”

We’ve reclaimed over £15 million in the last 12 months on overpaid Stamp Duty. See if you are eligible for a refund from HMRC.

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