If you are thinking about buying a new property, it’s likely that investing in a sustainable home is at the top of your mind. Many of us are thinking more about how energy-efficient our homes are now. Here’s why it’s worth it.
New policies, like the ban on gas boilers, starting in 2025 in the U.K., are part of the UK government’s efforts to make the country net zero, and have trickled down on an individual level.
So, if you’re looking at the sustainability of the properties you’re considering buying, it’s likely a result of the renewed focus on greener living. Want to know more about why buying sustainable is a good idea? Read on.
What’s involved with buying a sustainable property?
The steps to buy a sustainable property are the same as traditional homes. You’ll need to build your credit history beforehand and pay a deposit. However, there are several compelling reasons why you should consider an eco-friendly option.
1. Lowers bills
One of the greatest advantages of eco-friendly properties is the drastic cut in water and energy bills. Sustainable homes are designed with energy efficiency in mind, employing features such as solar panels, efficient insulation, and energy-efficient appliances. In fact, the best solar photovoltaic (PV) panels can generate enough energy for a family to save as much as £1,190 each year.
These elements work together to significantly reduce your monthly utility bills. In a world where energy costs are steadily rising, a sustainable home can provide a welcome relief to your household budget. Not only will you save money, but you’ll also be contributing to a more sustainable future by reducing your energy consumption.
2. Value
An energy-efficient home will be valued more in the market, leading to a return once you decide to sell the property. As the world becomes increasingly aware of the environmental impact of traditional housing, sustainable homes are gaining popularity among buyers.
The demand for eco-friendly properties is on the rise, and this trend is expected to continue. Consequently, the resale value of a sustainable home tends to be higher compared to conventional properties. By investing in a sustainable home now, you’re not only enjoying the benefits during your ownership but also setting yourself up for a profitable sale in the future.
3. Footprint
Investing in a sustainable home means you will reduce your carbon footprint and contribute to a greener planet. Sustainable homes are designed with the environment in mind, utilizing renewable energy sources and minimizing resource consumption.
By choosing a sustainable home, you’re actively participating in the fight against climate change. Your reduced energy consumption and eco-friendly lifestyle choices will help reduce greenhouse gas emissions, making a meaningful contribution to a healthier planet for future generations – plus, you’ll help to reach carbon net zero by 2050.
4. Health
Green homes can be beneficial to your health. For example, switching to sustainable and eco-friendly materials can purify the indoor air. Traditional construction materials often contain harmful chemicals that can seep into the air and negatively impact indoor air quality.
Sustainable homes, on the other hand, prioritize non-toxic, low-VOC (volatile organic compound) materials that improve indoor air quality. This leads to a healthier living environment, reducing the risk of respiratory issues and allergies for you and your family.
5. Tax
The UK government announced a VAT reduction for home energy retrofits from 20 percent to zero percent for specific energy-efficient home improvements like installing heat pumps, solar panels, and insulation.
This significant tax incentive makes investing in a sustainable home even more attractive. Not only can you lower your energy bills, increase your property value, and reduce your carbon footprint, but you can also enjoy substantial tax savings. It’s a win-win situation for both your wallet and the environment.
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