Interesting new research from M&S Bank has shown that 78% of British property owners are worried about their energy efficiency measures in the home.
69% of those respondents said this was due to cost saving reasons. This was a rise of 19% from last year.
28% said that they were concerned for environmental reasons.
Making energy improvements
Of those who expressed concerned about energy efficiency in their property, 96% were as concerned or more concerned than in the same period in 2015.
Paul Stokes, Head of Products at M&S bank, commented: ‘As well as benefitting the environment, going green can also help homeowners make significant savings.’
Encouragingly, 88% of property owners have already undertaken at least one energy efficiency improvement.
Of these, the most popular were:
- Recycling metals, glass, plastics etc-87%
- Turning off lights when not in the room-86%
- Using energy efficient lightbulbs -81%
- Turning the heating off when going out-72%
- Switching off appliances, rather than leaving them on standby-55%
There are a number of simple energy saving measures that investors can either utilise themselves, or pass on to their tenants. What’s more, this could save money on a landlord insurance policy in the future.
Of the people questioned by M&S, 72% said they had double or triple glazing, 70% had loft insulation and 52% an energy efficient boiler.
Mr Stokes continued by saying: ‘It’s great to see that, homeowners recognise the benefits of making just a few simple, everyday changes to be more environmentally friendly. Over three-quarters have already made improvements to help them go green and with just over half (53%) seriously considering some sort of future energy saving home improvement, it’s clear that green improvements are at the forefront of homeowner’s minds.