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Green Building Bible, Fourth Edition
Green Building Bible, fourth edition (both books)
These two books are the perfect starting place to help you get to grips with one of the most vitally important aspects of our society - our homes and living environment.

PLEASE NOTE: A download link for Volume 1 will be sent to you by email and Volume 2 will be sent to you by post as a book.

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      CommentAuthorfostertom
    • CommentTimeJul 20th 2022
     
    The Guardian isn't 'the media' but this is a turnaround for decades of media wisfom that domestic retrofit is a) ignored in housing resale market prices, or even b) regarded as suspect encumbrance.

    https://www.theguardian.com/money/2022/jul/20/green-upgrades-could-cut-uk-energy-bills-by-1800-a-year-finds-study

    "Analysis of 5m house sales in England and Wales found that installing an air-source heat pump could increase the value of a home by about £5,000-£8,000, solar panels could increase it by between £1,350 and £5,400 and an electric vehicle charging point could increase it by about £5,000." Presumable additive?

    "The Energy Saving Trust estimates that ... electric vehicle charging points [cost] about £1,000" - for £5000 resale boost!
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      CommentAuthordjh
    • CommentTimeJul 20th 2022
     
    Posted By: fostertom"The Energy Saving Trust estimates that ... electric vehicle charging points [cost] about £1,000" - for £5000 resale boost!
    Yes, quite. Totally unbelievable.
    • CommentAuthorrevor
    • CommentTimeJul 20th 2022
     
    Judging my spend on green upgrades not worth it but then did not do it to add value. I reckon would need an uplift of around 25K at least to get it back on house sale.
    • CommentAuthortony
    • CommentTimeJul 20th 2022
     
    House valuation is an art not a science and it must be nearly impossible to assess what is and isn’t influencing the value.

    Two identical house one with end of life wood windows and with replacement windows costing/worth thousands valued the same as in same area with same number of bedrooms.

    The valuation system is a mystery to me
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      CommentAuthordjh
    • CommentTimeJul 20th 2022
     
    Estate agents and suchlike try to put a price on a house, but ultimately the question is how much somebody will actually pay for it, regardless of what is being asked. The asking price may get people through the door (or not!) but what they see and are told matters more.
  1.  
    The methodology is a little suspect if I understood it right. They looked at sale prices and found that houses with car chargers sold for a couple of % more. (2% of average house price => £5k). They didn't ask whether recently-refurbished houses sell for more money, or whether houses with off-street parking sell for more money, or whether car chargers are more likely to be found in those houses.

    They admit that they have guessed that the apparent price rises due to these different ecobling items might be additive, but that there is no evidence for this.
    • CommentAuthorJonti
    • CommentTimeJul 21st 2022
     
    Isn't the house price more to do with how much a person who wants to buy the house can borrow rather than is willing to pay? The massive inflation in house prices is IMHO more to do with this than the houses worth.
    • CommentAuthorwookey
    • CommentTimeOct 29th 2022 edited
     
    Santander have put up a report saying that energy ratings matter and people will pay 9.4% (or ~27 grand) extra for a retrofitted property, and estate agents say they are actually paying 15-20% extra.
    https://www.santander.co.uk/about-santander/media-centre/press-releases/a-green-premium-house-buyers-willing-to-pay-almost-10

    The actual report is here: https://www.santander.co.uk/assets/s3fs-public/documents/buying_into_the_green_homes_revolution_report.pdf

    They also seem to think that a retrofit costs 10 grand on average, which is a pretty shallow retrofit in my book.
    But still it's good to see that (at last) the populace is getting a clue and has worked out that 'fabric before kitchens' makes sense.

    Looking in the report the retrofit cost comes from: "The Climate Change Committee (CCC) estimates that the UK will require an investment of about £250 billion to fully decarbonise homes by 2050. This equates to approximately £10,000 per household"

    That seems exceedingly approximate. That decarbonisation cost could just be fitting a heat pump to all gas boiler houses. That decarbonises, but doesn't improve the fabric at all. I reckon AECB retrofit grade work is at least 20 grand on average, and probably rather more depending on how costs come down with scale. I've spent 35 grand, mostly DIY (for more like 30kWh/m2 than 50). I know someone else who spent 115 grand paying builders, and that didn't even include a heat pump (supply too feeble). One would have to read the CCC report to check what they meant.

    Interestingly 40-55% of people (varying by region) could afford 10 grand, except in London where only 25% could. So Londoners are skintest. Sadly they didn't ask how many could afford 20 grand, or 3 grand/yr for 10 years.

    The word 'airtightness' appears nowhere in the whole report (sigh!). They do at least include 3G and MVHR but their idea of retrofit is still at the 'loft insulation and cavity wall' (i.e shallow retrofit) level.

    Still it is quite encouraging in terms of how many people think it's important, how many are prepared to spend money/effort/time on it, how many actually have some money, and the degree to which improvements generate asset value (which makes the sums on most retrofit much more attractive). I see that Santander have schemes for better rates on lending extra mortgage money for retrofit, which is IMHO by far the best way of managing the finance for this stuff.
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      CommentAuthordjh
    • CommentTimeOct 29th 2022
     
    Posted By: JontiIsn't the house price more to do with how much a person who wants to buy the house can borrow rather than is willing to pay? The massive inflation in house prices is IMHO more to do with this than the houses worth.
    I agree that how much somebody can borrow is a major factor in how much they're willing to pay. We'll see whether prices really come down now interest rates have gone up.
    • CommentAuthortony
    • CommentTimeOct 29th 2022
     
    Very interesting to see changes - 10k per home is insufficient and undeliverable.
    •  
      CommentAuthordjh
    • CommentTimeOct 29th 2022 edited
     
    Posted By: wookeySantander have put up a report saying that energy ratings matter and people will pay 9.4% (or ~27 grand) extra for a retrofitted property, and estate agents say they are actually paying 15-20% extra.
    That's very good news if so. It would imply that people can look on retrofitting as an investment with a capital value, as well as recovering cost through savings on energy costs. Which should actually prompt people to do something a lot more than the various government schemes have.

    Posted By: wookey"The Climate Change Committee (CCC) estimates that the UK will require an investment of about £250 billion to fully decarbonise homes by 2050. This equates to approximately £10,000 per household"
    That report is called "Decarbonising Heat in Homes" though, and focusses on replacing the heating system. The energy efficiency is just what's needed to make that work. So they're not talking about a proper retrofit to reduce demand. I presume they're assuming there will be enough zero carbon electricity to fuel everything, which seems rather over-optimistic to me.

    edit: Sorry that's the wrong document :confused: :shamed: It's a BEIS document quoting the CCC again. I'll write more once I've read the correct document!
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