New Build Homes: Saving You Big on Energy Bills! Over £180 per month to be exact!

Key Takeaways

• Buyers of new build houses could save over £180 a month on energy bills. That is an annual saving of £2,200
• 85% of new build houses had an A or B (EPC) rating, while less than 4% of older properties reached the same energy efficiency standard
• Compared to older properties that consume an average of 252 kWh per m2 annually, new build properties have a substantially lower energy requirement, approximately 105 kWh per m2 each year
• On average new build homes emit 2.2 tonnes of carbon less than older homes each year

It’s unsurprising that improving the energy efficiency of our homes and reducing bills has become a priority for many homeowners and first-time buyers.

But what exactly are the benefits of buying a new build home? In this article, we explore all the key points highlighted in the report to provide valuable insights for your homebuying journey.

How much can you save on your energy bills with a new-build home? 

In a recent report released by The Home Builders Federation (HBF) during Net Zero Week, it was revealed that new homeowners can enjoy substantial energy bill savings.

The savings are so significant that you can reduce your monthly running costs by an average of £135, thanks to Ofgem’s new price cap.

This represents a staggering 64% increase in energy bill savings, resulting in an impressive saving of over £180 per month for purchases of new build homes. Annually, this adds up to a remarkable £2,200 that you can keep in your pocket!

So, what sets new build homes apart from older properties? It’s their exceptional energy efficiency. New build homes are thoughtfully designed to minimise energy consumption, incorporating modern technologies, and building practices that prioritise sustainability and environmental consciousness.

By choosing a new build home, you’re not only benefiting financially but also making a positive impact on the environment.

The report sheds light on the remarkable energy consumption difference between new build properties and older homes.

On average, new build homes consume around 105 kWh per m² each year, a noteworthy improvement compared to older properties requiring an average of 252 kWh per m². This enhanced energy efficiency not only reduces your environmental impact but also helps you save on energy bills, leaving more money to spend on life’s little luxuries.

But how does this impact the planet?

On average, newly constructed houses release 2.2 tonnes less carbon annually compared to older homes, resulting in a substantial reduction in carbon emissions and contributing positively to the environment.

Buying a new build home vs upgrading an old one

Energy efficiency isn’t the only advantage of owning a new build home, they also provide the opportunity for customisation and personalisation without costly renovations from older properties.

Now there has been much conversation around ways to reduce energy usage, dominated by quick wins and fast fixes.

From using draught excluders, swapping out baths for showers and switching off electrical appliances rather than leaving them on standby.

However, to reach the same standard as a new build home, older properties generally require retrofit works which can be disruptive, time-consuming and most importantly costly. But how costly?
Research taken from HBF’s Get on with Living Report found the average three-bedroom semi-detached home can cost upwards of £70,000 to match the energy efficiency level of new build homes. Pretty staggering, right?

New build homes have energy efficiency built in as they are designed and delivered in accordance to updated and evolving building regulations.

They’re also built using the latest techniques and materials, guaranteeing quality and environmentally conscious practices to support and encourage natural biodiversity.

Plus, new build house developers offer an array of warranties to give homeowners that added bit of peace of mind.

The benefits are also nationwide. The Welsh government confirmed an extension of the Help to Buy scheme for buyers of new homes with a minimum EPC rating of B. Meaning you buy a new build home in Wales with just a 5% deposit and a shared equity loan of up to 20% up to the value of £300,000.

Considering the current cost-conscious era we find ourselves in, it comes as no surprise that many homebuyers are opting for the benefits of buying a new build home.

So why wait? Unlock the incredible benefits of new build homes today and take a step towards a brighter, more sustainable future! Discover a development near you, here.

*Research found at – The Home Builders Federation & Zoopla