Recent figures released by the National Landlords Association suggest that over half of Britainâ€™s landlords plan to install energy-saving technologies at their properties as part of the governmentâ€™s Green Deal initiative.
The Green Deal, which is now scheduled to come into effect as of January 2013, is designed to entice business and home owners to retrofit their outdated and inadequately insulated properties, with no upfront costs and simple, transparent repayments attached to energy bills.
Introduction of the scheme is an acknowledgement that Britain has some of the oldest housing stock in Europe which requires mass modification to ensure energy bills donâ€™t spiral out of control. The real crux of the Green Deal for homeowners is that all retrofit works must be pre-assessed to ensure financial savings are equal to or greater than the costs being attached to the energy bill.
Here at The House Crowd we think the Green Deal will provide a great incentive for landlords to upgrade their property portfolio, but to be a complete success, it is important a common sense approach is taken with the schemeâ€™s criteria and payments. This initiative has potential to be a real boon for both property owners and Britainâ€™s environmental credentials.
The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit www.http://thehousecrowd.com/thehousecrowd//how-it-works/). We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit www.http://thehousecrowd.com/thehousecrowd//about/our-manifesto/). If youâ€™ve read enough and want to invest now, visit www.http://thehousecrowd.com/thehousecrowd//invest-in-property/).