Sustainability measures more popular due to rising energy costs

An increasing number of homeowners are choosing to improve their homes or make them more sustainable. Energy-saving measures, in particular, are gaining popularity once again. The reason is clear: households are taking rising energy prices and uncertainty in the energy market into account.

Recent figures from Pandomo Hypotheken show that the number of mortgage applications for home improvement is increasing. Many households are actively investing again in measures such as insulation, solar panels, or heat pumps. This is not only to reduce energy costs but also to make their homes more comfortable and future-proof. The current housing market also plays a significant role in this. Due to the limited availability of housing, many people are choosing to improve their current home instead of moving. Especially for those looking to move up the property ladder, renovating or making a home more sustainable can be more attractive than re-entering the housing market.

Many homeowners are utilizing the equity in their homes for this purpose. This creates additional financial room to, for example, realize an extension or finance energy-saving facilities. Households between the ages of 25 and 35, as well as homeowners aged 55 and older, are increasingly making use of this option.

Influence of the energy label
The energy label is also gaining more influence on the housing market. A good energy label often results in lower monthly costs, increased living comfort, and can contribute to the value of a property. Furthermore, buyers and lenders are looking more emphatically at a home’s energy performance. There are also various options to make sustainability financially feasible. For instance, buyers of homes with a less favorable energy label can borrow extra for energy-saving measures. Additionally, in some cases, up to 106% of the property value may be borrowed when the extra amount is used for sustainability. Subsidies and schemes, such as the ISDE subsidy and the National Heat Fund, also make investing in energy savings more accessible.

Nevertheless, many homeowners find that sustainability raises questions. Which investment suits your situation? What are the financial consequences? And which schemes are of interest? This is precisely why sound mortgage advice is becoming increasingly important.

At Pandomo Hypotheken, we are happy to help you gain insight into the possibilities that suit your home and financial situation. Schedule a consultation with Pandomo Hypotheken without obligation.