Imagine this: a potential buyer walking into a comfortable, well-heated building. They see low energy bills, less carbon emissions, and fixed and up-to-date fittings. At that moment, your property becomes a bit more appealing.
Energy efficient heating: more than just a way to warm up your property. A feature that could increase your property’s value in general. As buyers and tenants become increasingly environmentally conscious, an efficient group of gas-fires are sought-after features in the property world. But how efficient can your heating system be in adding value to your property? Let’s find out.
Why Energy Efficiency Matters
In today’s property market, energy efficiency is a major selling point. Prospective buyers are more aware than ever of the cost of fuel and their impact on the environment.
An energy-efficient heating system, like a heat pump or condensing boiler, can definitely help keep your monthly outgoings — and your property’s environmental impact — down. What’s more, a fully insulated home with new heating in place can achieve a top Energy Performance Certificate (EPC) rating — an attractive proposition for a huge number of purchasers.
Boosting EPC Ratings
The EPC of a home can often either make or break its attraction to buyers. Higher ratings mean the property is more energy efficient, and new research shows a home’s value can increase by up to 14 percent.
This measurement can be improved by modern heating systems. And although the cost of installation may be high in some cases, there are countless benefits in the long run.
Heating Systems That Add Value
Not all heating systems are created equal. Here are some of the most value-boosting options:
- 1. Heat Pumps
Heat pumps are in, baby. These handy heating devices use elements from the air or ground to heat the home without losing lots of energy.
Cost: Between £7,000 and £12,000 for an air source heat pump and between £10,000 and £20,000 for a ground source heat pump.
How it affects value: Buyers are all about their running costs and eco benefits, so it’s an investment that’ll do well in your home’s value.
- 2. Condensing Gas Boilers
Condensing boilers waste much less energy than older models, as up to 90% of fuel is converted into heat.
Cost: Installation ranges from £1,500 to £3,000.
How it affects value: They’re easy and affordable to fit for the seller, and many buyers consider them to be a reliable option.
The Cost of Upgrading
It may seem expensive with the cost between spending £1,500-£3,000 for a gas boiler, oil boilers priced at £2,500-£4,000, heat pumps between £7,000-£20,000 and biomass boilers costing so empowered dress ranges decision making in terms of reviewing spending decisions but long term savings and efficiencies the gains are obvious. Don't forget to check for New boiler grants on WhatCost, previously known as Household Quotes.
With heating systems that save money to stylish smart technology, the options are limitless and strong. As you upgrade, you’ll prepare your property for tomorrow and make it more appealing to potential buyers. Energy-efficient heating is the renovation that’s worthwhile in this market, where buyers value utility savings more than any other upgrade.
