The document discusses the introduction of the Home Quality Mark (HQM), a new standard for assessing the quality of new homes. It addresses challenges faced by both the government and consumers in the housing market. The HQM aims to provide consumers with an independent benchmark to evaluate new homes and reassure them about factors like energy efficiency, noise levels, and overall quality. Builders can also benefit by differentiating their high-quality homes using the HQM standard. The document outlines the research and criteria behind the HQM and several stakeholders who support its ability to improve transparency and decision-making for home buyers.
We can rate many other areas; Mobile Phones, Cars, Holidays and products like insurance.
Information on homes is often limited to, location, purchase price and a few photos.
It is difficult to understand if the home is really quality product and how it relates to others in the area.
HQM will provide consumers with better tools in order to make the smart choice.
In our Moneysupermaket survey – 97% of people said they would welcome a mark like HQM. 20% said they would pay for it.
Why have we chosen HQM, rather than BREEAM, Code, EcoHomes?
It needs to resonate with as many people as possible, not just people who are interested in sustainability.
Lower insurance and mortgage costs
Reduced maintenance
Access to green space and amenities
Low CO2
Planet friendly materials
In tune with nature
Overall star rating – 5 stars is common for rating of services and goods
Indicators – cut across the whole scheme not just categories
Score card will pull up some issues that the home is good at.
How the scheme is structured and where the indicators sit.
In Scotland the Scheme will output the levels of Section 7
This shows that further indicators can be added at anytime, because it doesn’t impact the inputs. (Resilience etc.)
Go through sections in a bit.