Savings on energy costs a major incentive to downsize

13/03/14
 

With energy prices escalating and continuing harsh winters anticipated, downsizing to a new build retirement apartment could help older homeowners save up to £1,400 a year in energy bills.

At McCarthy & Stone, we have just launched a unique online Fuel Savings App to help the over 60s identify just how much they can save on energy bills by moving to a new retirement apartment.

As Britain’s leading builder of retirement housing we wanted to help those in retirement make the difficult decision about whether or not they should downsize sooner rather than later.

We used an independent, qualified assessor to compare the energy efficiency and estimated cost of fuel bills for two properties – a traditional three-bedroom semi-detached house built in the early 1900s, and a brand new, typical one-bedroom McCarthy & Stone apartment.

The results showed a stark difference, with energy costs totalling an estimated £1,935 a year in an older property, compared to just £521 in the new home.

With many over 60s yet again worrying about the expense of heating their homes, we thought it would be helpful to demonstrate that buying a new build property could help to significantly reduce consumers’ energy bills and create big savings.

You can find out more and compare your energy bills with ours at http://www.mccarthyandstone.co.uk/news-and-views/blog-posts/amanda-procter/compare-your-energy-bills-with-ours/

Gary Day is Land & Planning Director, McCarthy & Stone

 

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