Big public switch to more energy-efficient homes, claims developer

Big public switch to more energy-efficient homes, claims developer


Todays other news
Sarah Thompson is Group Financial Services Director at Mortgage Scout,...
Simon Bones is the founder and CEO of Genous, a...
Perhaps the greatest issue with commonhold is a lack of...


A house building firm claims more people want to move to increasingly energy-efficient homes. 

A survey by Redrow shows that 26 per cent of existing homeowners would like to move to a more energy efficient home in order to make savings on their bills.

Meanwhile 58 per cent of homeowners admit they’re more worried about escalating energy bills than they were last year, with younger examples (18 to 34 year olds) being twice as likely to consider moving to a more energy efficient home than their older counterparts.

And 67 per cent say it’s more important to live in an energy efficient home now than just a year ago, with 31 per cent claiming a low EPC rating is one of their biggest frustrations with their current house.

Believing their house is too old to be energy efficient (29 per cent of respondents) continues to be a hurdle stopping homeowners from updating older properties.

Precisely a third say they would prefer to move into an energy efficient home, rather than trying to retrofit their current home with energy efficient features. When the time comes to move, nearly two fifths say they would opt for a new build specifically due to its energy efficient features.

In addition, 21 per cent say they are more likely to consider installing a heat pump than they were a year ago. However, only 14 per cent of homeowners are looking to install solar PV panels. Double glazing (76 per cent), loft insulation (68 per cent) and energy efficient lighting such as LED (50 per cent) are the efficient features that are most commonly installed or looking to be installed by renovators.

James Holmear, a Redrow director, says: “Today’s new figures clearly show that people’s concerns about energy have not gone away this year and in fact for many Britons, they are more pressing than ever. It’s no surprise therefore to see so many people considering a new home with the average new build homeowner already saving £135 a month on energy bills. 

“The number of people visiting our developments with energy efficient features at the top of their priority list has increased, and we’ve launched our EPC calculator tool across all our customer experience suites.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Paragon Bank has cut rates by 20bps across its buy-to-let...
Lending for energy efficient home purchases has rocketed...
EPC rating
EPC lodgement data has been analysed - with surprising results...
The event takes place at the end of June...
A paper is to be published after the May local...
Wandsworth council proved the tenant was not the owner...
Recommended for you
Latest Features
Sarah Thompson is Group Financial Services Director at Mortgage Scout,...
Simon Bones is the founder and CEO of Genous, a...
Perhaps the greatest issue with commonhold is a lack of...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.