New research unveiled this week by UK-GBC member Sustainable Homes, has sharpened the case for better, more energy efficient homes as under-pressure social landlords seek to cope with a raft of funding cuts and reduced income.
The study looked at the potential for more energy efficient homes to provide cost savings and increased income in unexpected areas like rent arrears and reduced voids, where properties lie empty.
The study found that:
There is a correlation between the energy efficiency of homes and the number of void days. As homes become more energy efficient they are void for a shorter length of time – on average, 31% shorter for band B properties compared to those in bands E and F
Landlords with more energy efficient stock spend less on refurbishing void homes, less on repairs and less on staff time to manage voids
The highest performing band A properties spent 30% less time in arrears compared with the worst performing homes. Colder homes, especially those in band F, have on average two weeks more rent arrears than more energy efficient bands each year.
Other cost savings identified include time spent seeking overdue rent payment, legal costs and court costs which decline by around 35% for more energy efficient homes.
Via UK Green Building Council. View full article here.