Archives December 2022

Your Annual Energy Bills for a Brand-New Home Might Be Reduced by £2,600

As much as the expense of living and high energy bills might seem like all everyone talks about these days, it’s impossible to deny its recent and dramatic effect on everyone’s life, including homeowners and people in the market to move. Many families have felt the strain of the country’s record-high energy prices.

However, the house you pick could have a major factor in your monthly energy bills. Home Builders Federation (HBF) produced a survey showing that new homeowners can expect to save an amazing £2,600 per year on their energy bills.

In addition, the survey highlighted that new-build buyers saved over £500 million on annual energy bills last year. This is because, compared to older homes, these newer ones only release around a third as much carbon, resulting in a reduction of about 500,000 tonnes of carbon emissions annually. Here are a few considerations that suggest a newly constructed home could be the best option for you.

Everything Is New

Everything from the oven to the dishwasher in a brand-new home is brand-new and has been installed specifically for your arrival. It’s safe to assume that everything will function as it should when you move in. In addition, the fixtures and appliances included in your new home are covered for two years by the new house warranty. And they’ll be more energy efficient, so your energy bills will be lower.

A Blank Canvas

You can put your personal stamp on a brand-new house by decorating it any way you like. There is no need to remove stubborn wallpaper or paint over a bold statement because there have been no previous tenants. Put your unique imprint on your new home since you get to decide how it looks. It might not sound like much, but even this can be a saving on your energy bills.

Modern Living

All new homes are made with the way people live today in mind. They were built on purpose to have a lot of space and natural light. Also, new buildings are made with modern family life in mind and give people more options when it comes to home or hybrid working.

Plus, you’ll usually have much easier access to the outdoors, thanks to things like large patio doors, floor-to-ceiling windows, and communities with open green spaces for everyone to enjoy. You can also rest easy knowing that it was all built to the highest standards, since all new buildings must meet certain rules and regulations.

Money Saving On Your Energy Bills

As was said above, HBF recently reported how much money new homeowners can save each year. To explain what this means in more detail, the report goes on to say that newer homes use a lot less energy than older ones. The average new home uses about 100kWh per m2 per year, while older homes use an average of 259kWh per m2.

This means that if you live in a new house or apartment, you can save an average of £2,000. This is because the average annual costs to run these kinds of homes are around £1,500, while the average annual costs to run older homes are around £3,570. When only houses, not flats and bungalows, are compared, these savings go up to £2,600 a year.

Tips For Buying A Property To Rent Out

Do you want to buy a property to rent out? If so, you’re not on your own. These days, a lot of people want to get into renting out homes, and for good reason: it can be a very profitable investment. But buying a rental property isn’t as easy as just picking one out and paying for it. Before making such an important purchase, there are many things to think about. In this blog post, we’ll talk about some tips from experts that will help you buy a property to rent out. Let’s get started.

Get The Right Mortgage

Get a good mortgage if you want to buy a property to rent out. This is especially important if you plan to get a loan to help pay for the house. There are many different kinds of mortgages, and they are not all the same. Before making a choice, you should look around and compare prices.

Also, it’s important to make sure you can pay the mortgage payments. This is especially true if you want to be a hands-off landlord and employ a property management business to take care of every aspect for you. Remember that you will still have to pay your mortgage every month, even though you will be getting rent.

Location Is Important

When you buy a property to rent out, you will want to think about where it is. After all, the only reason to own a rental property is to rent it out. And if you want people to rent your house, it needs to be in a good place. If you don’t, it might be hard to find (and keep) tenants.

Before you buy a rental property, you should think carefully about where it will be. You should think about the neighbourhood, schools, and public transportation in the area. The easier it will be to find and keep tenants, the more desirable the area.

Know About Additional Expenses

When you buy a property to rent out, it’s important to remember that sometimes you’ll have to pay for things that you didn’t expect. This is just one of the things that come with being a landlord. As a landlord, there are many things that can cost you money, from repairs to empty units.

It is important to be ready for these unplanned costs. One way to do this is to put some money away each month in a contingency fund. When an unexpected cost comes up, you will have the money to pay for it without taking money from your other sources of income.

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