Does an Air Source Heat Pump increase the value of a house?
Air Source Heat Pumps are receiving significant attention as homeowners seek more efficient and cost-effective methods of heating their homes. Investors and individuals aiming to enhance property value are increasingly opting to install heat pumps to make homes more appealing to potential buyers.
What is an Air Source Heat Pump?
Air Source Heat Pumps take heat from the outside air and distribute it throughout the house through underfloor heating, radiators, and convectors, among other things. An Air Source Heat Pump can be compared to a refrigerator in reverse. An Air Source Heat Pump extracts heat from the outside air and uses it within the building, whereas a refrigerator absorbs heat from inside air and vents it outside.
Does an Air Source Heat Pump increase the value of a house?
In summary, the answer is yes. Based on a recent report by Scottish Power and WWF, the installation of an Air Source Heat Pump has the potential to enhance your property’s value by up to 3%. This translates to a price increase of about £8,000 based on average property values.
Moreover, homeowners benefit from significant energy bill savings and heat pumps can reduce your home’s carbon emissions by 90%. Both these factors can contribute to the perceived value of the property.
How does an Air Source Heat Pump increase the value of a house?
Energy Efficiency:
ASHPs are three times more efficient than a traditional gas boiler which lowers the operating costs of properties. This can translate to a higher asking price because of the cost savings the buyer will enjoy in the future.
Environmentally friendly:
As an eco-friendly solution, ASHPs are attractive to environmentally-conscious buyers. You can leverage the unique selling point of a low carbon footprint to justify a higher price tag.
Consistent comfort:
Heat pumps are better at heating and cooling homes compared with traditional heating systems. This can appeal to buyers who want effective and consistent climate control.
