Energy-saving home improvements saves money – adds value

Posted 2007-10-24

Legal & General advises homeowners to invest in energy-saving home improvements to add value to their Real Estate and save money over-all. 

The energy performance certificate (EPC) - a mandatory inclusion of home information packages – should be carefully reviewed by homeowners to discover which areas of weakness and improvements should be addressed. 

“The EPC makes homeowners more aware of how investment in energy-saving measures saves money in the long-run,” Stephen Smith, Director of Housing at Legal & General, advised.

Homeowner loans are a popular means of financing home improvements for a variety of purposes which many homeowners may be unaware of. Items such as weather-proofing seals, insulation, energy efficient appliances and so on are all on the list of simple ways to add value to homes and save on monthly energy expenses.

“There is room for reasonable and appropriate improvements in many properties,” Mr. Smith added. Legal & General has discovered that the government has identified many homes as falling into the “E” category in terms of energy efficiency – which leaves room for much improvement.

However, re-investing into your property even with small improvements – funded through homeowner loans - can often raise a home into the “C” bracket – which is far better for the homeowner and ultimately raises the value of their home.

Oddly, research from the financial services provider recently revealed that some

24% of British kitchens still lack simple freezers and 66% have no dishwasher. 

When homeowners consider the prospect of selling their homes, they must take into account that most people will seek homes with modern and energy saving conveniences and improvements – and a simple home loan can easily provide the upgrades.

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