New is greener – and cheaper!

New build homes are built to much higher standards and with ever rising energy costs, energy efficiency is an important aspect to consider when buying a new home.  Overall, new build homes are far cheaper to run and will dramatically lower your households carbon footprint.

A 3-bed semi-detached Victorian house with some modern improvements has average yearly energy costs of £1,670.  Whereas, the equivalent new build home that has been built to 2013 Building Regulations could have average yearly energy costs of £780.  The more energy efficient new build property could save on average £890 (53%) per annum.  The substantial savings are another benefit of living in a new build home.

The charts below show the average yearly difference in energy costs (estimated) from living in a new build home compared to a renovated Victorian property:

ZCH-Annual_Energy_Running_Costs_GRAPH1

 

Victorian Home (with modern day improvements)

New Build Home (built to 2013 regulations)

Difference in running costs

1-bed Ground floor flat        

£940

£500

£440

3-bed Mid-terrace house

£1,430

£760

£670

3-bed Semi-detached house

£1,670

£780

£890

4-bed Detached house

£2,460

£1,050

£1,410

However, the industry plans to go further, by 2016 savings could be:

ZCH-Annual_Energy_Running_Costs_GRAPH2

 

Victorian Home (with modern day improvements)

Future New Build Home (2016 aspirations)

Difference in running costs

1-bed Ground floor flat        

£940

£380

£560

3-bed Mid-terrace house

£1,430

£480

£950

3-bed Semi-detached house

£1,670

£450

£1,220

4-bed Detached house

£2,460

£620

£1,840

In as little as two years the fuel bill savings to be had in buying a new build home could increase significantly.  In the last example, the average fuel bill saving comparing a 3-bed semi-detached new build home and an equivalent Victorian home with some modern improvements was £890.  Comparing a new build home built to the Zero Carbon Hub’s proposed definition of the Zero Carbon Standard for new homes could mean savings of £1,220 (73% lower).  The gap between England’s ageing housing stock and new build properties is growing ever larger.  

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