Experts have suggested three ways you could add £30,000 value to your home. Amid the Brexit negotiations and the coronavirus pandemic, house prices have been wildly unpredictable, so it is no doubt that homeowners want to do anything possible to increase the value of their homes.
Experts have found that 89% of homebuyers want properties with sustainable solutions. Research by E.on (a utilities company) found certain home improvements could tempt buyers to part with more money. Almost 9-in-10 prospective homeowners showed interest in finding homes with sustainable solutions and consider these preferable to a garden, en-suite or a walk-in wardrobe. More than a third of people asked said solar panels would be the feature they would be most willing to invest in, due to wanting to pay less in energy bills and being conscious of the environment.
The three house updates to add £30,000 are: a new boiler, solar panels, and intelligent heating.
The Green Homes Grant Scheme – a scheme detailed on the GOV.UK website – where homeowners and landlords in England will be able to apply for vouchers worth up to two thirds of the cost of upgrading energy efficiency in their homes. For most people, the maximum will be £5,000 but households on low incomes will be eligible for up to £10,000. You can apply for the voucher from the end of September and must ensure the improvements are completed by March 31st, 2021.
The voucher must be used to install at least one primary measures, which include: insulation measures (solid wall, under floor, cavity wall, loft, flat roof, room in roof and insulating a park home) and/or low carbon heat measures (air or ground source heat pump, solar thermal and biomass boilers).
The installation of at least one primary measure means you are entitled to use it to help cover the cost of any of the following secondary measures: draught proofing, double/triple glazing, secondary glazing, external energy efficient doors, heating controls and hot water tank thermostats and insulation.
The amount you get towards the cost of secondary measures cannot exceed the amount you get for primary measures.