Many homeowners consider improvements to their homes before putting them on the market to sell. The housing market in the UK has traditionally been very competitive, but since economic recovery after the crises of 2008, home prices have soared. Knowing which improvements will benefit you most in a seller’s market can be challenging. Let’s look at the impact of triple glazing and the value of your home.
The cost of triple glazing versus the energy saving it brings has been a big debate in the home maintenance and construction industries. Many argue that the return on investment (ROI) is just not justified. What these commentators fail to see however, is that the same debate rages for double glazing as well.
On average, the installation of double glazing in a standard 3-bedroom, 15-window home will set you back around £5,000. This means an annual reduction in your heating bill of around 10% or £65, so it will take you around 77 years to recuperate that cost. Source
Triple glazing for a 3-bedroom, 15-window home will come in around £7,275 which is a cost increase of 31%. Triple glazing provides an additional energy saving of 15% on top of the 10% provided by double glazing, which equates to £162.50. This means it will take 45 years before you see a return on your investment.
When you look at the benefits of triple glazing, you also need to consider the environmental impact, reduction in energy, comfort level inside your home and the added value to our property price.
“Figures released by the Department of Energy and Climate Change (DECC) show that making energy saving improvements to your property could increase its value by 14 per cent on average, and up to 38 per cent in some parts of England.
The main benefit of carrying out this work is the impact it would have on the Energy Performance Certificate (EPC). Across the UK, energy efficient improvements that move the average home from band G to E, or from band D to B, could mean adding more than £16,000 to the sale price of the property.
This increase is even greater in certain areas; in the North East, improving energy efficiency from band G to E could increase a property's value by over £25,000, while doing so in the North West could see £23,000 added to the home's value.”
While the installation of both double and triple glazing will take years to recuperate – and in these calculations you also have to consider that the average window has a lifespan of 20-30 years – both have many other benefits to consider: a home with a lowered energy bill, minimal draughts, no condensation, reduced cold spots and the increased sale price of your property. So when you are considering an upgrade for your home, triple glazing makes a lot of environmental and financial sense.
Published on : 1st September 2016
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