Even before the recent invasion of Ukraine by Russia, energy prices were on the rise. But now, it appears we have a genuine crisis on our hands, with the government needing to step in to provide financial support to help the nation through the worst of it. Wanting to live an energy-efficient life was a popular priority, influencing people’s decisions when it comes to home buying, but now it’s become even more important.
This article does not constitute advice. Professional advice should be taken prior to acting on any part of it. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
Recent Home Builders Federation research has shown that nearly three-quarters (73%) of homeowners are worried about energy performance in their home, with nearly a quarter (24%) saying energy efficiency would be ‘crucial’ when selecting their next home.
The research is quite clear in its position that energy efficiency is guiding many people’s decisions.
Save money and the earth at the same time
When compared to older properties, new builds that are built to be more energy-efficient help save homeowners over £400 on their energy bills, and they emit close to 600,000 tonnes less carbon than an ordinary property would have, despite many new builds being larger than older homes. If saving money and the environment at the same time appeal to you, be sure to include energy efficiency as one of the must-haves in your next property search.
You might have to spend a bit more upfront, but the savings will balance out in the long run. And the good news is that more and more providers are jumping on the sustainability bandwagon and offering ‘green mortgages’ with lower interest rates available on energy-efficient properties, so a green lifestyle is becoming more prominent and less expensive than ever before.
This is a good thing because helping make the home an efficient hub will help further the sustainability agenda. Newer, energy-efficient homes incorporating multiple ways to live greener, such as built-in electric vehicle charging stations will in turn make electric vehicles more convenient and help people to live a fully energy-efficient lifestyle.
Do you want to go green?
Whether you want to live in an energy-efficient home to save money on energy bills or do your part to help save the earth by reducing your environmental impact, more and more people are making energy efficiency a key factor when choosing where to live. This trend likely won’t go away, and might actually increase in popularity as the years go on.
If you’re thinking of moving in the near future and want to include energy efficiency in your priority list or to find out how we can help you find a mortgage provider that rewards sustainability with cheaper rates, get in touch today.