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Green solutions 'could help property market'

29-Aug-2008

Keeping the property market moving could lie with energy efficient homes, a new report suggests.

Research from the Energy Saving Trust shows that kerb appeal may soon be replaced with carbon appeal, with 53 per cent of homeowners saying they would be willing to pay extra for environmentally friendly features in their home.

Jon McGowan, of the Energy Saving Trust, says: "It is encouraging to see the extent of which green measures have become a central factor when buying and selling houses."

He also describes energy efficient homes as "a great way" to make sure bills are kept to a minimum in the future.

Some estate agents, however, are under-selling carbon-friendly homes through a lack of knowledge.

Two-thirds of those questioned said that in light of the current economic climate, they would be willing to improve their Energy Performance Certificate to ensure lower running costs.

Energy Performance Certificates inform homeowners how energy efficient their property is on a scale of A-G.

FirstRungNow.com - how to buy a house, from finding your first flat or first house, first time buyer mortgages, shared ownership, buying with friends, gifted deposit, part buy part rent - all a first time buyer could possibly need.

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There's alot going on! What do you think?

Interest rates are low but could rise? Is this a good time to buy?

Yes
No

Varialbe rate mortgages go up if bank interest rates do. Which is your preference?

Fixed Rate
Variable rate

Interest only mortgages are cheaper but in the end you don't end up owning the property. Which is better?

Interest Only
Repayment

House prices are waivering. Do you think this is a good time to buy?

Yes
No

Shared equity mortgages allow you to buy a new home with 5% deposit and an equity loan through FirstBuy. What do you think?

Too complicated
Too expensive
Too risky

Rent to buy allows you to peg a property price, save towards a deposit and pay reduced rent. What do you think?

Works best in a rising market
Too complicated
Good option