Most popular energy saving property measures revealed

Published on

Double glazing is the most popular energy saving measure carried out by home owners, seen by 86% of surveyors, according to new research by Legal & General Surveying Services.

While upgrading windows was slightly more popular than installing roof insulation, mentioned by 80% of surveyors, both were well ahead of the third most popular energy efficient measure, wall insulation, which was mentioned by almost one third (31%) of surveyors.

The research also revealed that there are a number of energy saving measures which are less commonly seen, but may still provide notable savings for consumers over the long term. These measures include solar panels (19%), air source heat pumps (17%), and smart energy meters (15%).

Further research from Legal & General suggests that there has been a 34% uptick in searches for eco-friendly homes and buyers are now willing to pay a 10.5% price premium for a low carbon property.

Legal & General’s Equity Economy Report also found increased interest in using equity from the property to improve energy efficiency with 13% of the surveyed homeowners using the money to pay for green measures to improve energy use.

Spiralling gas and electricity bills may well be driving interest in energy efficient home improvements. However, although the government has proposed that all rental properties will need an EPC rating of ‘C’ or above by 2025 for new tenancies and 2028 for existing tenancies, there are currently no regulations for residential properties to increase their home’s EPC rating.

Trudy Woolf, sustainability director, Legal & General Surveying Services, said: “Having polled our own team of surveyors, these findings highlight that buyers and owners are becoming increasingly conscious of the energy efficiency of their homes. It’s great to see that many homeowners are already thinking about installing energy efficient measures which are cost effective – this is something we expect will continue to rise in prominence as consumers develop a greater understanding of energy efficiency.

“While it’s always important that prospective homeowners secure a professional survey in order to make an informed decision on their purchase, a survey can also provide insight for consumers into the energy efficiency of a home and any green home improvements which have been carried out already or would be easy to install.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...

HTB provides £20m+ facility for land portfolio refinancing

Hampshire Trust Bank has completed a development finance facility in excess of £20m to...

Davisons Law joins conveybuddy panel

Conveyancing distributor conveybuddy has announced that West Midlands-based Davisons Law has joined its panel...

Latest opinions

A home shouldn’t be out of reach for those who keep the UK running

In a housing market that has grown steadily more selective, it is often those...

Richard Pike: A conference of positivity – Global ABS Day three

It’s time for reflection of the last three days here in Barca. To readers,...

Maximising embedded value and delivering a great service

While advisers understand the importance of looking after existing clients, nurturing your back book...

Open banking and smart data transformed finance – now it’s time to do the same for property

The UK is set for a 'smart data' revolution, a revolution which began with...

Other news

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...