RENOVATION BOOSTS PROPERTY PRICES. HERE'S WHY.
Renovations are not just a precondition for the EU to meet its climate goals; they are an investment that is literally, as safe as houses, if recent studies are to be believed.
Every time a house moves up a notch in energy performance, its price gets around the same boost that it would from an extra 10-15 m² in size. That is partly down to the huge savings that can be recouped from energy bills. A renovated house that moves from an ‘E to a ‘B’ grade in its energy performance certificate (EPC) will save an estimated €24,000 over 30 years, according to an analysis of 365,000 house sales in Denmark last year.
But it may also reflect the great reduction in health problems that experts believe comes from increased energy performance and improved indoor air quality. Reductions in respiratory and cardiovascular illnesses, rheumatism, arthritis and allergies, as well as fewer injuries have been key to taking the benefit-cost ratio from deep energy renovations to 4:1.
Like good health, it seems that financial wellbeing also begins at home. Each one-step energy improvement from G-A is worth between €5,400-7,400 to an average 100 m² property, according to a Copenhagen Economics study for the Danish Energy Agency.
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