Recent findings have revealed that only one in ten people consider a properties energy rating when hunting for a new home, a poor energy rating could end up costing you thousands of pounds extra per year in household bills.
The recent survey of 2000 Brits revealed that buyers prioritise other factors, such as local shops, parking and good transport links. Outside space was ranked high on the list, but most important was staying local to family and friends to ensure a good support network is available, especially for those with a small family.
For most households, energy bills are one of the biggest expenses and understanding how much energy your new property will use, as well as what you can do to reduce these bills, can go a long way to cutting these costs.
New home buyers are not prioritising the energy efficiency rating of a property when moving and this could well be a decision they regret when they get their first winter bill landing on their doormat! People should try and consider the total cost of living in a home throughout the year, including mortgage repayments or rent as well as all the monthly bills.
The energy efficiency rating of a property is found on the Energy Performance Certificate (EPC), this is a legal document that is required whenever a property is bought, sold or rented. EPCs not only rate properties between A – G (A being the most efficient), but also include information on how much energy a property uses, typical energy costs and how to reduce current energy usage.