An 'attractive' upgrade can add £11,000 to your home and make buyers 'more likely to make an offer'
An 'attractive' upgrade can add value to your property
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An energy-efficient property will make potential buyers breathe a sigh of relief.
Experts shared some advice to improve your energy rating, including an upgrade that could boost the value by more than £10,000.
Not only is it more valuable, but it could encourage others to put their offers in more quickly, according to property solicitors at Jones Whyte.
They said: "Energy-efficient homes are increasingly attractive to buyers due to potential long-term savings.
A new boiler can add value
PA"According to a report by OVO Energy, 35 per cent of prospective buyers are more likely to make an offer on a home with eco-minded installations."
Energy-efficient homes help keep the bills down so can save homeowners money in the long run. The experts shared examples of some cheap ways to do this.
"Easy ways to increase your property’s energy efficiency include replacing iridescent light bulbs with LEDs, installing a smart thermostat and sealing any gaps around windows or doors to improve insulation," they explained.
Those with more money to put towards improving their energy rating might benefit from purchasing a new boiler before putting their home on the market.
This could add thousands of pounds to how much people are willing to pay for your property.
They added: "If your budget is slightly higher, consider investing in extra insulation or a more efficient heating system.
"On average, a new boiler costs £3,250, however, having one can increase your property value by four per cent, according to GoCompare.
"Additionally, a new central heating system, while it costs around £3,500 to install, can also increase overall value by four per cent, which is equal to £8,000 on a £200,000 property."
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Homeowners want to make sure they get the best price for their home
GETTYWith the average house price sitting at £288,000, according to the latest ONS House Price Index, it could boost the value of an average property by £11,520.
The latest HPI found house prices in some areas more than others, with values jumping the most in Northern Ireland.
The country saw house prices soar 3.6 per cent month-on-month and 6.4 per cent year-on-year, to an average of £185,025.
This was followed by Yorkshire and The Humber, which increased 4.7 per cent, and Scotland, where homes went up 4.3 per cent in value.
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