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Increase the value of investment properties with sustainable characteristics | Personal Finances | Finance

By August 20, 2021August 24th, 2021Personal finance

Real estate experts predict that homes with modern green certifications like electric vehicle chargers and solar panels will cost more than those without one in 10 years. They will be worth an average of 9% more when sold, according to a study by Hive of real estate agents.

With new legislation coming into effect in 2030, banning the sale of new gasoline and diesel cars, new buyers are increasingly looking to prepare their homes for the future.

As the country prepares to go electric, real estate agents have already started to see an increase in the number of homes suitable for electric vehicles.

Four in five (82%) said an increase in the number of customers looking for homes with an EV charging station already installed.

By adding lasting characteristics to a property, investors can increase the value of their portfolios in the future.

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This could be in the form of solar panels or heat pumps.

With net zero targets set for 2050, properties may need to be eco-protected to accommodate this new program, to avoid the risk of being left out of the sustainable real estate boom.

Tim Bannister, Data Director at Rightmove, said:

“One of the clear driving forces behind the continued rise in house prices in 2021 has been a new focus from buyers on what their homes need to provide, from gardens to additional space to work from home.

“As we look ahead, it’s very likely that a home’s sustainability benchmarks will join the list of new priorities that buyers are considering.

“If there are affordable options for homeowners to make their homes greener, then they could become a more common and practical addition to many homes.

“They have the potential to command a premium and provide additional selling point for homes in the future.”

Americo Lenza, portfolio manager for services and solutions at British Gas, also commented on the push towards sustainable housing.

She said: “With the ban on new gasoline and diesel vehicles on the horizon, many people are considering how to go electric.

“However, it is understandable that there are naturally concerns about access to charging points.

“It is the responsibility of businesses and governments to help ease this transition, which is exactly why we have launched Hive EV Charging, which is helping to further power the UK’s electric charging network.

“It’s likely that smart charging as part of a larger home energy ecosystem will increasingly become the norm as people seek to make their homes more sustainable. “

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