We have already seen a trend towards incorporating energy efficiency into the design of newly built properties, and this is predicted to become the norm from now on.
There are already minimum energy efficiency ratings that rental properties have to satisfy, and the government has hinted that these may become more stringent in the future. Because of this, many developers have concluded that the best way to future-proof a property from future legislative changes is to make it as eco-friendly as possible from the start.
But it’s not a case of stick and no carrot. Property investors have plenty of incentives to make their new build investment as energy-efficient as possible. Firstly, greener properties are popular with renters, who are willing to pay more rent to live in one. This may be due to eco-consciousness, but it’s also a way to keep their bills down. From the property owner’s perspective, energy-efficient properties will also often have lower running costs and require less maintenance. Why not read about how to make money from Property with our useful property investment guide.
Sustainability has become a big priority when searching for the best property investment available, so this trend will start to solidify in 2024 and is likely to become standard practice in the future.