Investing in buy-to-let property can be a great way to make money. But before parting with your cash, an investment strategy needs to be developed. Where should you invest? What sort of yields are you looking for? What ‘green modifications’, yes, ‘green modifications’, may need to be made to the home?
The way a residential building is constructed, insulated, heated, ventilated and the type of fuel used, all contribute to its carbon emissions, and can now seriously impact on the cost of running the property which is a crucially important factor to private renters, according to new research.
The study found that 42% of tenants consider the environmental impact of a building important when making a rental decision.
Half of all tenants in London believe that property owners should give consideration to the environmental impact of their property and undertake measures to ensure that it is environmentally friendly.
Eamonn Delaney Director at Anthony James, said: “Whether it’s to reduce their energy consumption, save money or make a positive impact on the environment, it’s good to see that tenants consider the ‘greenness’ of a building an important factor in their rental decision.”