Although energy efficiency might not come right at the top of a buyer’s wish list when they’re viewing potential properties, it’s a factor that’s quickly becoming increasingly important to many. As well as being cheaper to run, a home that’s well-insulated and energy efficient will be more pleasant to live in and kinder on the environment, all things that will appeal to potential buyers.
However, though some energy efficiency measures will add to the saleability of your home, there are others that may actually put buyers off. Knowing the difference between the two will help you to spend money where it matters and ensure your property gets snapped up as quickly as possible.
It’s all about insulation
Good quality insulation is incredibly effective at preventing heat loss and making homes feel warm and cosy. Even period properties can benefit from retro-fitted insulation. One recent study carried out by the University of Sheffield and University College London showed that adding insulation to suspended timber floors can reduce heat loss by up to 92%, something that can help to make even the draughtiest homes feel warm and cosy.
Pretty much all buyers understand the benefits of insulation and they know that, done well, good insulation will last a lifetime. What’s more, with this type of floor insulation costing as little as £200 per room, it’s an investment that could pay dividends when it’s time to sell your property.
Solar panels can put buyers off
Surprisingly, there are some energy efficiency measures that can actually put buyers off and devalue your home. According to the National Association of Estate Agents, one of the most common is solar panels. Although these green electricity generators can save homeowners money in the short term, they can be expensive to upgrade and may potential buyers view them as an eyesore.
If you’re considering selling your home in the near future, installing solar panels before you put it on the market may put buyers off and could end up lowering the value of your home. Other factors that can devalue homes include outdoor swimming pools, dingy, dark rooms and bold interior design. This means that, in general, the key to a quick sale is neutral décor, light, bright rooms and no expensive luxury features.
Decorating, insulating and de-cluttering your home can all help to attract buyers and ensure a quick sale. To find out more about buying and selling property, or to talk to an expert about putting your home on the market, drop into one of our local branches or give us a call today.« Back to Latest Monthly News