As energy prices rise and people make a conscious effort to be more sustainable, house hunters are looking for a new home with energy-saving amenities. For landlords, a good EPC rating is a huge selling point to prospective tenants and a legal requirement.
Currently, properties require an EPC rating of ‘E’ or above to be legally let, but by 2025, properties will require a rating of ‘C’ or above. This regulation is set to apply to new tenancies first, followed by all tenancies three years later.
An Energy Performance Certificate is valid for ten years and is then only necessary to renew if you have new tenants or are selling the property. While the new EPC requirement will be introduced in three years’ time, making changes to rental properties should start now, and a new survey carried out.
The way a building is insulated, heated, and ventilated can affect the value as well as the cost of running the property.
By evaluating the current state of your property and making impactful energy-efficient improvements, the better the reward for making changes, especially given the tenant demand for better energy features.
In an article by Property Industry Eye, 66% of respondents in a poll said they would choose a property with eco-friendly features over one without. Notably, over half of these more eco-conscious respondents are younger, between 25 and 34 years. This audience is also more likely to be still on the rental market, so it is important to capture this audience for future
rental income.
So, if your property is currently below a ‘C’ rating, what can you do to achieve a better EPC and attract tenants? Here are some improvements to consider:
As leading, local letting agents in Newbury, Didcot, Lambourn & Hungerford, Marlborough and Devizes and the surrounding areas, we have vast experience in lettings and property management.
At Jones Robinson, we recognise that each property and landlord is unique and that landlords rent out properties for a variety of reasons.
By offering a personalised service w can tailor the letting and timeline to both landlord and tenant requirements as we don’t believe the “one size fits all” approach, works in this industry.
We are also very transparent with clear and easy to understand information available to both landlords and tenants alike.
Contact us today to find out how we can help you sell your home this year.