Southampton and Portsmouth are both areas where property is selling fast and for increasingly higher prices, as demand continues to grow in these areas.
Even in this already buoyant market, sellers should always be open to new ways of improving their home's value and the chances of selling quickly.
One way of increasing the buzz around your home is to install solar panels.
With spring and summer on the horizon, it’s not only already a popular time of year to sell your home, but these seasons can be the most profitable for homeowners with solar panels.
By 2020, it has been predicted that solar power will produce around 6% of the UK’s annual electricity, stretching to as much of 40% on sunny days in coastal locations such as Portsmouth and Southampton.
If you’re considering selling your property and want to make your home more attractive to buyers, then investing in solar panels could be beneficial as they use sunlight to generate clean, renewable energy for the homeowner.
Installing the panels isn’t too much hard work either. The average solar panel installation will cost around the £6,000 mark – half of what it would have cost four years ago and still falling.
Although this isn’t the cheapest way of improving your property’s value, it has been estimated that solar panels could add around £16,000 to the sale price of the average home.
Not only are solar panels now cheaper to install, they are also slowly overcoming the perception that they are an eyesore as designs get sleeker and these days they require minimal maintenance once installed.
Solar panels can be quite the money-maker for buyers in the long-term, too, with many monetary benefits attached to having them – perks which sellers with panels must highlight when marketing their home.
Home owners with solar panels will also benefit from access to a Feed-In Tariff. This is an ongoing payment whereby the government offers owners monetary rewards for creating green energy, providing the buyer with a small but regular income.
That said, buyers and sellers should be aware that the amount of money gained from the tariff has recently been capped at 4.4%, but this venture could still be profitable over the long-term, especially now the installation costs for panels have dropped.
Not only do solar panels provide home owners with a Feed-In Tariff, they also contribute towards reducing energy bills.
If you've got panels, we'd advise that when a prospective buyer does come to visit, you show them a selection of energy bills, both from before and after the solar panel installation, to demonstrate the savings which can be achieved.
Additionally, having a property which generates its own renewable energy will also lower your property’s Energy Performance Certificate (EPC) grade – something which will have increased importance if you're thinking of letting it in the next few years.
Here at ChimneyPots, we have helped to sell properties with solar panels before and are able to succinctly convey the advantages to the prospective buyers during viewings.
If you would like tips or advice on how to best market a home with solar panels, or any other Portsmouth or Southampton property guidance, then don’t hesitate to get in touch today.
If you would like to find out how much your property is worth, you can also use our free online property valuation tool.