Spring and the early summer are statistically the optimal times for trying to sell a home in the UK if you want a faster sale and a higher selling price. Going green and cutting our carbon footprint is something that has become well embedded in the psyche of consumers. Locally produced food, more efficient cars, and even fewer air miles have shifted our purchasing habits.
Those in the market to buy a home are no different. The ability to harvest rainwater, double or triple glazed windows, solar panels, and efficient heat pumps can often significantly impact the value of a house in your favour. Government research has come out with reports that support this idea. Improving EPC in your home can increase its value by as much as £16,000 when you go from Band D to Band B. It will also improve the chances of it selling.
Getting an Energy Performance Certificate
EPC tells how your home ranks in energy performance from a rating of A to G. The law now requires your home is rated this way when selling it to help buyers understand how well it will perform. It also helps them understand if they will need to do any upgrades and what its general running costs will be.
These certificates are not only for homeowners but also landlords need them as well. On April 1st, 2018 new legislation was implemented that makes it illegal to rent an apartment or property that has an EPC rating of F or G. Landlords will need to know what their properties rate to make certain they are in compliance.
What Can I Do to Improve My EPC Rating?
Allowing buyers to know what their potential costs for living in a home will be or the costs to make necessary improvements is definitely a good thing. Even so, EPCs have had some criticism. This is partly because of where they choose to focus on making home improvements.
Having things like air source or ground heat pumps and solar panels can help reduce a home’s carbon footprint but many of the older built homes in the UK will typically lose heat through walls and windows, roofs, and because of poor insulation. Improving those areas and raising the homes overall level of insulation will reduce heat loss.
Can Double Glazed Windows Improve the EPC of the Home?
The Energy Saving Trust says that windows account for as much as 20% of the total heat loss from homes in the UK. This means that replacing them with energy-efficient hardwood windows could be valuable regardless of whether you choose to sell the house or remain living in it. It will save money on energy cost and reduce your overall carbon footprint.
According to the EPC, the type of windows a home has is a primary indicator with regard to the star rating they give on a house. A single pane window might get a one or two-star score while a double or triple pane window can receive up to the maximum of five stars. In real money, this can mean that homeowners could save as much as £160 annually when living in a three bedroom detached home. When someone is considering buying a home that is often a substantial saving.
You should also know that if your home is not already energy-efficient the cost of installing the upgrades and the potential savings that would yield will be some of what is listed in your EPC. If a buyer is trying to negotiate a reduced price on the purchase, that type of ammunition would be something they would likely use. This means in many cases that investing in the upgrades can save you money and not doing so may simply mean you get less than you want when you sell your home.
It Is Now More Important Than Ever to Be Energy Efficient
Energy cost went up in 2017 and many homeowners experienced the cold snaps that occurred in 2018 and that really sparked greater interest in having energy efficient homes. Well over 600,000 people switched energy suppliers in the winter of 2018. Homeowners now pay attention to how much energy they are consuming and how well their home is performing.
If a Home Has Bad EPC Should I Walk Away From Purchasing It?
One of the biggest issues that many home buyers face is having to choose popular period features that they like and energy-efficient features. The choice between those is often subjective. One of the things we would suggest you consider is that even in properties where’s some features will make it more difficult to upgrade that most of them can have new windows added and that will make a big difference. This means even, under those circumstances, the home’s energy efficiency can be greatly improved.