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Majority of Homeowners Plan to Make Green Home Improvements

The future is green – with homes suited with energy-efficient tech and eco improvements, according to recent research.

Sep 15, 2021

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2 min read

Majority of Homeowners Plan to Make Green Home Improvements

There’s no doubt that the current climate crisis is a concern for all of us, wherever we are in our home buying journey. Yet, we can all do our bit for the environment by making eco-friendly choices inside and outside of the home – but what about green home improvements?

A greener future?

Upgrades to properties across the UK could come in thick and fast within the next decade as the government may enforce a minimum EPC C score on homes (both bought and rented) by 2035.

Recent research conducted by NatWest has revealed that 52% of homeowners have plans for green home improvements over the next decade. Costs and finance options were noted as the greatest barriers to carrying out these improvements.

As the UK government works towards net-zero emissions by 2050, NatWest’s Greener Homes Attitude Tracker (https://www.natwestgroup.com/news/2021/09/natwest--greener-homes-attitude-tracker.html) surveyed 1,500 people in July 2021 to better understand homebuyer preferences. The tracker works to gauge the UK public’s views on climate change with an aim to address the climate challenge.

The survey found that more than a quarter of homeowners (26%) anticipate making changes within the next 1 to 5 years, with 16% planning to make green improvements in 6 to 10 years.

Energy-saving features

A smart meter was the most popular improvement among the surveyed homeowners to help monitor and reduce electricity usage.

Prospective homebuyers noted that double glazing (34%), loft insulation (24%) and cavity wall insulation (20%) were essential.

Solar panels were noted as a ‘nice to have’ feature.

Over half of homeowners said they didn’t feel confident about replacing their gas boiler with an alternative due to the cost.

Eco affordability

However, the results indicated a need to catalyse the change as only 15% of participants have plans to make eco improvements within 12 months and 29% recorded they have no intention of doing so within the next decade. This shows that for many homeowners, sustainability remains low priority or unaffordable at this point.

In summary

  • The vast majority of homeowners have plans for green home improvements over the next decade
  • Of these, 26% said they would do the work within 5 years
  • EPC ratings are seemingly not as important to homebuyers in the current climate but are on the government’s agenda to improve
  • A shift to greener homes is on the horizon – find your next property for sale on Boomin today