Big savings in energy costs for new home owners

Wednesday, 28th February 2018, 3:49 pm
Updated Wednesday, 28th February 2018, 5:24 pm

Considerable savings can be made on living costs if homeowners are savvy about energy efficiency in a prospective new home, claims a housebuilder.

During this cold weather, Barratt Developments Yorkshire has found that homebuyers could save up to £629 each year in energy, by opting for a new build property.

This followed a report published by the Home Builders Federation that revealed a new build choice of home could save you a sizeable amount of money long term.

According to Energy Performance Certificate data, more than eight out of 10 new builds have the top A or B rating for energy efficiency compared to just 2.2 per cent of existing properties.

Government data shows that as a result, new homes are using on average 103kWh/m2 worth of energy compared to an average of 294kWh/M2 for existing homes.

This means new build homeowners will spend on average £443.30 a year (£276 heating / £108 hot water / £60 lighting), which is well under half of the £1,072 the owner of an older home can expect to spend – saving, on average, £52 a month, or £629 a year.

The report also explores what the savings equate to, and how owners of new build properties could choose to spend the money they are saving, for example:

Buy a season ticket at their favourite Premier League football club;Pay their monthly broadband and mobile phone billsTake a return trip to New ZealandBuy a latte coffee from Starbucks every working day of the yearCover almost a month’s mortgage costs

With fuel costs having already increased by around 36 per cent in the past decade, and likely to increase even further, new homeowner savings are likely to grow. And with housing accounting for nearly 30 per cent of the UK’s energy use, new build homes are delivering significant benefits for the environment.

In accordance with modern regulation, house builders are driving energy savings through a combination of innovative design and more efficient materials; for example, by installing boilers that only give you hot water when you need it, fitting modern double glazing filled with argon gas, using quality insulation in the roof and walls, and by creating sophisticated water drainage systems.

Ian Ruthven, managing director at Barratt Homes Yorkshire West, said: “Buying a new property is a big decision, and buyers should thoroughly research the potential upkeep and running costs of any house purchase.

"We’re committed to building properties that are energy efficient, which helps homeowners manage their usage and avoid the additional costs of upgrading that can come with buying an older property.”

To find out more, visit: https://www.barrattdevelopments.co.uk