No matter when you intend on selling your home, there is a lot to be said for making improvements which add value to your home. In the short-term, these changes will ensure you make the most of your time at home. In the longer-term, you can look forward to greater interest from willing buyers.
At Austin Property Services, we know there is a high level of interest and demand in homes right now, and vendors are keen to capitalise on this demand too. However, if you are looking to sell your home at a later date, you might be looking for ways to add value that entices buyers.
We know the local housing market in Bournemouth, and we know the importance of energy-efficiency, and green living. We believe there is a range of changes you can consider, and solar panels are an effective way to power up the value of your home.
Go green and add value
A study by EffectiveHome, a company which specialises in solar panels, found that sales prices for homes with solar panels have risen by 14%.
The study suggests the average increase in value associated with installing solar panels is £32,459. Some areas which have benefited more than the average include:
Homeowners in London can expect to see their property value increase by £90,000
In Bristol, solar panels have been found to add £45,142 to the value of property
Edinburgh homeowners can add over £40,000 to the value of their home with solar panels
Going solar is tipped to help homeowners save more than £27,000 on their electricity bills over the lifetime of their mortgage.
Benefits of solar energy include:
Solar power is a renewable source of energy, which is of interest to many people
You can lower your energy bills with solar panels
There isn’t a great deal of maintenance associated with these panels
It indicates the home, and its owners, is forward-thinking
Some potential drawbacks of solar energy include:
There is an initial cost in installing the solar panels
Your overall benefit is impacted by the level of sunlight you enjoy at home
Some solar panels take up a considerable amount of space
Stand out for the right reasons
Dan Graby is a Director at EffectiveHome, and he said; “With house prices currently experiencing a mini boom, it’s interesting to see what impact solar energy and benefits such as reduced energy bills and lowering carbon emissions is having. We hope our findings are a welcome surprise to property sellers across the UK who may be unaware that making energy efficient changes to their home, can make such a significant contribution to its valuation. There is a clear appetite amongst homebuyers to move to a property which is sensitive to spiralling energy prices, global warming and the environment we live.”