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'Make homes energy-efficient to boost price'

Homeowners have been advised to make their homes more energy-efficient if they are planning to sell up.

Yorkshire Bank stated that one in three people looking to sell their house are planning to make some home improvements in order to boost the asking price.

However, more than one in ten buyers told researchers that they would avoid a home if it is not energy-efficient, irrespective of the colour scheme and decor.

Gary Lumby, head of retail at Yorkshire Bank, stated that energy-efficiency is becoming a bigger issue for house buyers, due to concerns about global warming and the cost of heating bills.

He said: "Practical improvements like cavity wall insulation rather than just cosmetic ones appear to be growing in appeal.

"Considering installing double-glazing, cavity wall or loft insulation could well attract more buyers."

Although he stated that homeowners are unlikely to recoup the costs of installing energy-efficiency measures straight away through lower energy bills, it could help them get a better price and quicker sale for their home.

This comes ahead of the introduction of home information packs in June, which will contain energy-efficiency ratings.

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02/04/2007 13:52:26

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