Changes to EPC ratings
The life of a private rental landlord can be an extremely rewarding one. Financial independence, security involved with assets and flexibility to earn away from the office are all benefits. However, it is fair to say that landlords also have a few checkboxes and hoops to jump through in order to pass governmental checks and meet the necessary legal requirements. The latest to add to this list involves EPC (Energy Performance Certificate) ratings.
With environmental issues sitting highly on the wider global agenda, it’s no surprise that this is having an impact on the property market too. With homes in the UK producing 15% of all greenhouse gas emissions, the government is now looking at ways to reduce the carbon footprint of our homes and ensure the average EPC rating on all buildings is at band C by 2035.
Flagging these changes to policy with your clients early means they’ll get ahead of the curve and can start thinking about the measures they’ll need to put in place. A report from Rightmove shows that buyers can add as much as 16% to the asking price of a property when they come to sell if changes have been made to improve the EPC rating of the property.
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