Environmentally friendly buildings and their impact on value

DATE: Jul, 13   COMMENTS: 0   AUTHOR: Allan Azarola

Lots of aspects of a property can have an impact on its sale value. From the number of bedrooms it possesses, to the quality of the plumbing, factors of all kinds influence the eventual valuation. In recent years, another contending factor has arisen: how environmentally friendly is the design and construction of the building.

And while this may seem on the face of it like something that would only interest those property owners who consider themselves strong environmentalists, there’s actually a whole host of benefits available for homeowners of all kinds. An environmentally friendly building is likely to be far more energy efficient, for example, which keeps the occupier’s heating costs down.

Energy efficiency

By far the most appealing aspect of owning and living in an environmentally friendly home is that it delivers energy efficiency. Certain types of fixtures and fittings, for example, can deliver real cash savings when it comes to paying the energy bills. Solar panels, duct sealing and insulation are good examples of energy efficient property features, but there are plenty more – especially in terms of materials used in the construction of windows and doors. If installed, they can help seal the deal – especially if you have a relatively high asking price.

When it comes to the sale value, it’s important to emphasise to any potential buyers that they can expect their energy costs to be lower than in a non-eco-friendly home. While this will depend on the exact circumstances and energy use, it’s good for them to be aware that they can buy a home that is optimised for lower bills. Making sure the energy efficient features are taken into an account during the home valuation process is important, and that requires a professional. Using an estate agent is one option, but they can sometimes rush the process in order to secure a quick sale: contacting RVA Surveyors is a good alternative choice, as they can provide independent assistance. Either way, it’s vital to make sure that buyers are aware of the savings they could achieve.

Energy performance certificates

In the UK, it’s mandatory for almost all buildings to have an energy performance certificate (or EPC) – and this applies whenever a property is built, rented out or sold on. In some ways, the main benefit of a strong result on an EPC certificate is that it’s an additional positive sign for potential buyers. Even if they don’t read it in full, it adds to the appeal of a property in any case. But if the EPC reveals that the home is particularly energy efficient, it could be worth emphasising in any sale materials as much as you can. It acts as evidence that the cost of living there may be lower, so it’s worth ensuring the check is done properly.

At first glance, there may seem to be little extra value in an environmentally-friendly home. And while it’s true there are lots of factors which influence a home’s sale value, it’s definitely worth remembering that environmentally friendly building methods can actually add significant worth to a property. From energy efficient

materials and fixtures to the way EPCs can bolster your home’s marketing, there’s a lot to consider.

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