More buyers looking at home energy efficiency

Posted: 16/4/2022

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A growing number of property buyers are prioritising energy efficient features when looking for a new home, as the energy crisis concerns grow.

House hunters have become increasingly interested in sustainability, leading them to look for energy-efficient homes that offer green features, according to new research carried out by the Home Builders Federation (HBF).

The study has revealed the extent to which energy efficiency is now guiding the way Brits are now making home-moving decisions.

Around three in four respondents – 73% – to the HBF’s recent survey stated that they are worried about the energy performance of their current home, with almost a quarter – 24% – saying energy efficiency will be ‘crucial’ to their next home move.

Being ‘eco-friendly’ and ‘having a good EPC rating’ are now the second and third most desirable features in a new home, behind outdoor space, the study found.

The HBF says that housebuilders offer the key to unlocking UK electric car industry as over 70% of Brits state they would be persuaded to buy an electric vehicle if their home had a charging point, according to the study of almost 2,000 people.

The trade body also claims that the results place the UK’s residential developers at the forefront of meeting public demand for more energy-efficient living and show that when it comes to selecting a new home, sustainability is now a firm fixture at the top of our criteria.

‘Eco friendly’ and ‘Having a good Energy Performance Certificate (EPC)’ were rated as the second and third most important factors respectively, behind ‘private outdoor space’.

This survey is published as a new report from HBF shows that buyers of new build homes are saving more than £400 per household on their energy bills, and emitting almost 600,000 tonnes less carbon than if last year’s new build homebuyers has chosen an older property.

The report – ‘Greener, Cleaner, Cheaper’ – published today by the Home Builders Federation finds that:

+ Owners of new build houses and flats will save homeowners an average of £435 a year, rising to £555 for new build houses alone, equivalent to the cost of an average Premier League season ticket or a coffee from Pret every working day of the year*

+ The average new build home emits 2.38 tonnes less of carbon each year, around one-third of the carbon produced by the average older property

+ The research shows that despite new build homes being, on average, 7.4% larger than older properties, new homebuyers are still generating valuable savings every month

And with more lenders beginning to offer green mortgages – such as lower interest rates for buyers of more energy efficient homes – and stricter requirements for landlords renting out domestic properties, home builders are urging lenders to go further, faster to assist homebuyers in making the right environmental choice. Factoring into mortgage calculations the lower bills paid by new build buyers would enable even further savings to be made by buyers.

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