Why does a high energy label so important?
Why is it important to check the house's energy label before you buy it?
How could you improve your home rate?
Learn more in this article!
Whether you just started your house-hunting or already owned the home. Whether an owner-occupied or rental property as an investment. It is in your best interest to have your home's energy label as high as possible.
Energy-efficient house > consumes less gas and electricity > more money in your pocket every month.
Since 2017, the Energy Efficient Mortgages Initiative has been working to ensure Europe’s mortgage markets account for properties' energy efficiency. Thanks to that, lenders provide on average 8% of additional financing for energy-efficient improvements.
Without even talking about its positive environmental impact, understanding the importance of the energy label may save you a lot of money.
Why is it so crucial for a property to have a high-energy label?
Scroll down to learn more!
Why is it essential to pre-check the house's energy label?
When you look for a house, it's always best to use houses' energy labels as an essential metric. Buying a home with a low-energy label may have immediate financial consequences, both on home-seekers and investors.
How may it affect them?
1. Owner-occupied home:
As said earlier, a house with a high energy label decreases the monthly costs and saves you some money. And so, lending one of those "green loans" on good terms might be preferred in the long run and make a great return on investment.
2. Rental property:
Let's assume that you bought a second house to rent out. One of the factors used to determine whether the rental property falls under the free sector (vrij sector) or not is the Dutch "scoring system" (puntentelling). The house's energy label is a factor that has a relatively significant share of the scoring results.
Before buying a rental property, you better read about how to rent out your place safely
These two examples demonstrate the significance of investigating a house's energy label before buying it.
How could you know which improvements increase the house's energy label?
So here's a tip from a Buying Agent!
Every house-owner who sells or rents her property must deliver the property's energy label certificate by law. One way to know which improvements will raise the home energy label is by checking the recommendations listed in the document (see the red square in the photo above).
Another way is to ask your inspector to add it to your house structural inspection once carrying it out. Although the additional survey costs more than a regular house inspection, the bank may ask it while assessing your application for the renovation loan.
Implementing this knowledge helps home-seekers eliminating irrelevant houses, could save dozens of euros every month, and get them to find their perfect home.
Good luck with your house hunting!
Planning to buy a house?