Your home is an asset protect it
An energy efficient property is an energy saving asset. It’s an asset because its marketability improves as more energy saving improvements are made. For the shrewd consumer, the word “savings” is a key word and is something they like to get more of. If you can guarantee that the property you are selling them will save thousands of dollars in utility bills, they would be willing to pay top dollar for that. Just like when buying a car, consumers look for property that won’t make them spend a lot to maintain.
Consumers are paying closer attention a property’s running cost because of the rise of fuel prices. Environmental concerns such as global warming also encourages this movement towards energy saving.
There are five simple things you can do to unlock the hidden value of your home, attract buyers, and save money on your bills:
1. Loft insulation
Insulating your loft or upgrading your existing insulation is not very expensive and can save on heating bills, a real selling point for buyers.
2. Cavity wall insulation
Cavity wall insulation is cheap, clean and quick to do and could save on heating bills annually. Plus it only takes around 3 hours on average to install.
3. Upgrade to an energy efficient boiler
More than a third of consumers are put off buying a property with an out of date heating system. Installing an energy efficient boiler will make your home more attractive to buyers.
4. Invest in Energy Saving Recommended double glazing
Almost a fifth of consumers are put off by single-glazed windows. It is recommended that double glazing adds value, lowers bills and reduces noise.
5. Install heating controls
Installing heating controls such as thermostat and automatic timer switches for heating and hot water will improve the efficiency of the heating system, effectively cutting costs further for prospective buyers.
Increasing the energy efficiency of your property is a win-win scenario. Many property owners have already joined the bandwagon on energy saving schemes to improve property value. Once you install or replace existing equipment with energy efficient choices, you’ll have lower maintenance costs, healthier indoor air quality and a higher resale value.
Installing energy saving improvements to your property is the best way to re-sell your property at a good price. Just the words “energy saver” will capture your client’s full attention. As you go over the energy saving features of your property, your client will start doing the math in his head, a sign that he is seriously giving the idea of buying the property a lot of thought. You can then name your price and he won’t be surprised. Because the property does, after all, save a lot of money in the long run.
Buying property such as a home is very much like buying a car. A Volvo may look better and is faster than a Ford but the former has more mileage to the dollar than the latter. A picturesque Victorian-style house that may have a lot of historical value but not a lot of energy saving features will cost a lot of money to maintain as compared to a modern one with all the amenities and all the current energy saving features available in the market.
