How to make sure new EPC Rules don’t leave your property “unrentable”.
What is an EPC?
An Energy Performance Certificate (EPC) measures the energy efficiency of a property on a scale of A-G.
The most efficient homes – which should have the lowest fuel bills – are in band A. The Certificate also tells you, on a scale of A-G, about the impact the PROPERTY has on the environment.
New legislation
From 1October onwards, rental properties must fall under an EPC of at least band E, and property with a rating of F or G will be considered “unrentable”
This legislation was originally supposed to come into place this month, but has since been postponed.
There is of course a review, withdrawal and appeal procedure for penalty notices, and in certain circumstances, exemptions may apply.
Ways to make sure your property achieves an E rating?
- draft- proofing
- energy efficient light bulbs
- increased insulation
- replacing single glazed windows with double glazing,
- updating ageing boilers with a modern heating system.
Taking a long-term view
By making your property more energy efficient, you’ll future-proof your investment and increase income potential. Both for environment and economic reasons, a more energy efficient property will have greater appeal for tenants.
It will also lower your maintenance needs and reduce the likelihood of being caught out by future regulation changes.
By 2022, the minimum EPC rating for any new tenancy will be D and by 025 all properties will need to have an EPC rating of at least band D. All the more reason to make energy efficiency a top priority.
The team at Tay are here to guide you every step in the way. Get in touch.
