Energy saving 'boosts value of home'

by Alasdair 13. July 2009 16:36
Adopting energy saving features could boost the value of your property, according to a new study.

Home improvements are often used to increase asking prices, but Halifax believes relatively cheap upgrades could be among the most effective ways to make a house sell for a higher amount.

This, it stated, is because it can add two and a half times the initial outlay cost to the value of a property.

Stephen Noakes, commercial director at Lloyds Banking Group, commented: "It is often the low cost, straightforward home improvements that are perceived to add the most monetary value to a home."

He added that people can create a green home at minimum expense and without needing specialised tools and materials.

This comes after the Energy Saving Trust said the average household could save about £300 if they used energy in the home more efficiently.

So creating a green home has financial benefits all round - and helps the environment at the same time.
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