The estimated annual cost of running an average sized three-bedroom home in the UK is almost £20,000 a year – that’s £1,634 a month.
This is according to the report by More Th>n Cost of Running A Home Report, which looked at the cost of running own and rented properties in 72 towns across the UK.
For a household with two working adults each earning the average yearly salary, around 43 per cent (rented) and 45 per cent (own) of post tax earnings are being spent purely on household bills and the rent or mortgage.
However, a new property - built to current energy saving standards and regulations could be around half the cost of running an older counterpart - say Linden Homes Midlands and the NHBC Foundation.
Some eco-advantages and savings tips associated with buying a brand new home*:
Most new homes have thermostat controlled heating - turning it down by just one degree can save around £30 a year.
Energy efficient light bulbs use less energy and last up to 10 times longer than standard bulbs.
Most new Linden Homes properties will use 75 per cent energy efficient light fittings as standard. In addition, LED lighting spotlights instead of ‘old fashioned’ bulbs will cut around £35 a year from your bill.
Linden Homes will fully draught proof your home. Figures show a fully draught proof home could save around £55 a year. Don’t forget to keep doors closed in rooms you are using to keep the heat in.
Boilers account for around 55 per cent of what is spent on energy bills in a year. Your new home will have a shiny new super energy efficient one.
Where possible, appliances fitted into Linden Homes properties are A rated or higher for energy performance.
All the toilets in Linden Homes properties feature a dual flush to help conserve water useage.
New homes will be built with the recommended insulation throughout the home – so no need to check and upgrade.
The benefits of buying new make the choice easy. Here are just a few: