A big consideration for many home buyers and renters is how much their monthly bills will cost. While an older Victorian build, for example, might appear a great investment due to its long history and beautiful period adornments, buyers can end up shelling out huge energy bills due to its lack of modern insulation or technologies.
According to the National House Building Council, new builds can be up to 55 per cent cheaper to run than older properties, meaning renters or buyers, particularly first-time buyers who may not be very familiar with the housing market, should pay close attention to a building’s energy efficiency rating before making any purchasing decisions.
Indeed, a Home Builders Federation survey found that the running costs of a home were an important factor for more than half of respondents. This is testament to the fact that many property hunters are aware of the importance of energy efficiency, although this number is likely to rise as the money and energy-saving properties of new builds become increasingly apparent.
Why are new properties more energy efficient?
New builds tend to feature very high levels of insulation, which can pay dividends when winter months come around. In addition, the insulation technologies used, such as cavity wall insulation, are top of the range, and should protect new homes from losing their insulating properties as time goes on, without much need for maintenance or repair.
Insulating a property well is a great way to lessen the amount of time a property’s heating needs to be turned on, and to contribute to the fight against climate change by reducing a property owner’s carbon footprint.
Other ways in which new properties allow owners to save on their energy bills and work towards neutralising their carbon footprint include low energy lighting, double glazing on all windows and external doors, and brand new energy efficient appliances.
It is also important to note that just because these technologies are energy efficient, does not mean they compromise on quality. Low energy lighting can shine just as brightly as lights installed in older buildings, and energy efficient appliances do not compromise on aesthetics or efficiency.