Any way we can make our homes more eco-friendly and add value at the same time is a win-win.
The good news is there are simple home improvement hacks that will not only help save money on bills in the short-term – but can also add a substantial amount to an overall property price.
A new report from Money.co.uk has found that homeowners could potentially add £29,000 to the price of their house, by embarking on some easy eco-upgrades.
The research looked into how much different environmentally-friendly improvements would actually cost and the potential ‘added value’ amount for each.
Some of the easiest and most profitable eco-features include draft proofing, energy metre installation, low VOC paint and energy-saving light bulbs – many of which can be done without the need for professional help.
Draft proofing came out as the most lucrative improvement – adding the most value (£3,200) in relation to its actual installation cost (£200).
Not only that, but draft proofing can also save you money on heating bills in the interim, as it involves blocking areas that let in cold air – so you use less energy to warm your home.
Thermostat installation is second on the list – costing £215 on average to set up, but adding around £2,790 in value.
A smart metre installation – which can be done in under an hour and costs just £50 – came in third place. What’s more, the eco-upgrade could potentially add £2,746 to a home.
Top 10 eco-improvements homebuyers value the most:
Eco improvement, actual cost, potential added value
1. Draft proofing, £200, £3,008
2. Thermostat installation, £215, £2,790
3. Energy metre installation, £50, £2,746
4. EV charging point, £800, £2,619
5. Low VOC paint, £96, £2,540
6. Biodiverse garden, £500, £2,522
7. Energy star ceiling fans, £300, £2,313
8. Energy-saving light bulbs, £175, £2,294
9. Tank-less water heater, £937, £2,226
10. Evaporative coolers, £550, £2,209
The report also revealed the eco-improvements with the least financial gain – and it turns out geothermal heat pumps are the least cost-effective in terms of adding value.
Likewise, biomass boilers (which use sustainably-sourced wood pellets instead of gas or oil) are the second-worst eco-upgrade. They could potentially lose homeowners £4,459 – with the installation cost being around £8,000, but people valuing them at under half that price.
Air source heat pumps, green roofing (partially covering a roof with vegetation) and triple glazing were also among the eco-improvements least valued by homebuyers.
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