So what is it and what will it do for me?
Internal insulation is a process whereby the "external" walls of your home are insulated on the inside. So if you're always wondering why a certain room can never heat up (especially in the depths of winter) then place your hand on the external wall - if you feel the chill running trough your palm then you know what the major culprit is.
In some cases up to 50% of the heat of a room can be transferred via the external wall literally escaping out into thin air. This is a colossal waste.
Internal insulation will prevent the majority of this heat loss, especially in the depths of winter, and will keep the heat where it's supposed to be - in your home!
Installing Internal Insulation
Sounds great, but whats the drawback?
Well internal insulation is great as it definitely saves money year in year out and makes your home more environmentally friendly. The average household can expect to reach savings north of $550 per annum which is a phenomenal saving.
However there are a few things you should be aware of.
The first being the cost of installation. Again for the average household you could expect the average spend to be somewhere in the region of $4,500 - $5,750. This may seem a lot however this cost will immediately add the same value (if not more) to the resale value of your home. So unlike most investments where they can go up and down and maybe make you money. This investment will 100% add value and save you money every year - no matter what. And money saved is as good as money earned - so as far as investments go this ones a winner!
Another thing to be aware of is the real thickness of the board used when insulating the walls. Most builders use somewhere between 80mm - 110mm and obviously this will cut some of the total area of your rooms. Not necessarily a big deal in large rooms, but for smaller rooms where space is tight this will be something you'll have to think about.
Im interested - so what next?
Well the first thing you need to do is look at your current energy bills and work out how much a 35 - 50% would be in terms of spend.
Then get in touch with your local builders who would normally give a free estimate. So get a few quotes in and check their portfolio of work. Make sure they also have painting and decorating services (if possible) as after the installation your walls will need to be repainted.
Then if everything works out you can look forward to warmer winters and smaller fuel bills!