Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Most Homeowners Unconvinced on Value of Energy Efficiency
A survey of just over 2,000 homeowners indicates that most do not believe adding energy efficient features to their homes will increase its value. The research, conducted by Nationwide, found that only 22% of those who had improved energy efficiency in the past decade did so mainly to increase their property's value.
Additionally, just 7% of respondents said they made energy efficiency improvements as part of preparations for a sale.
This insight may be relevant for UK letting agents and inventory clerks when advising clients or assessing property features.
Source: Letting Agent Today