Myth 1 – Retrofitting is always expensive
We’ve all felt the effects of the cost of living crisis. And the cost of borrowing money to fund home improvements can still be very high compared to a couple of years ago. So it’s understandable if you feel you have bigger financial priorities than retrofitting your home. Especially with some horror stories out there about how much it has cost some people.
So is retrofitting expensive? “It doesn’t have to be, but often the most effective retrofit measures are,” explains Kate. “It depends on the measures you install and what is most important to you. However, the more expensive measures tend to save more energy and carbon than low-cost measures.”
Kate also points out that the cost of doing nothing now could actually prove costly in the long run. “Up to a quarter of retrofit costs come from repairing a home before retrofit measures are installed. Carrying out this general maintenance now stops it from becoming a serious problem, potentially saving you thousands of pounds compared to if you have to fix it later.
“While the more expensive measures may not pay back any money, most things we buy do not pay you back either. Like comfortable shoes, smartphones, and new cars. The reasons for retrofit are not always to save money. They are to provide comfort, keep warm in winter and cool in summer, remove damp, condensation and mould risk, and to improve indoor air quality.”
Kate concludes that effective changes don’t always have to cost a lot. “If you have a loft, one of the cheapest and simplest measures you can take is to make sure you have at least 27cm of insulation up there. This works best when it isn’t squashed by Christmas decorations and the like.”