Research shows impact of retrofit on property values

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The National Energy Foundation has shared new research into whether there is a positive link between retrofitted homes and their market value.

This study involved a 30-month whole house retrofit project, which concluded in late 2023. The aim was to investigate whether retrofitted energy efficient measures (EEMs) had an impact, if any, on the property’s Market Value (MV); and if so, to what extent.

Fifteen properties were studied before and after undergoing whole home or multi-measure retrofit work. Results conclude that installing retrofit measures, and making each property more energy efficient, was highly likely to improve its market value, and also enhance interest when on the market. In addition, results suggest that the extent of impact to a property’s MV should be considered on a case-by-case basis, as each property varies by size, age, location, etc.

Overall, it appears that there is a positive link between increased energy efficiency (and thus increased comfort, reduced energy bills, reduced carbon footprint) and market value.

This study was supported by funding from the Energy Industry Voluntary Redress Scheme. The research was led by Hampshire-based Trinity Rose Chartered Surveyors following their appointment by NEF and supported by the Sustainable Development Foundation, particularly in relation to the adopted research methodology.

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