Statistically, the spring and the start of summer are the best times for British people to sell their homes if they want a quick sale and a good price. We have been trained, as a culture, to want to cut our carbon footprint. It is something that is a huge part of our lifestyle choices as people move towards more efficient cars, less air travel, and buying locally produced food. Our purchasing habits have evolved, and that applies not just to consumer goods but also house hunting. Today we look for double or triple glazing, ground source heat pumps, rainwater harvesting and solar power. These things can help to make your home far more appealing to the average buyer.
Government research suggests that if you can improve your Energy Performance Certificate for your home from a D Band rating to Band B then that could add at least £16,000 to the value of your property, and it could well make it easier to get a quick sale.
What is an EPC
The EPC is a ranking of the energy efficiency of your home, and it is a scale which goes from A to G. If you wish to sell your home then you are required by law to have an EPC. The certificate gives potential buyers an idea of how well the home performs energy-efficiency wise, and will also give an idea of how much it will cost to run, and what upgrades they may need to do. Landlords need to have an EPC too. It is now illegal to rent out a property with an F or a G-rating on the EPC.
How Can You Improve the EPC of a House?
The EPC gives potential buyers an idea of the likely running costs of the house and the costs of the home improvements that they may want to do. The EPC has been the subject of some criticism, in part because it puts a lot of emphasis on the improvements property has, rather than specific things which could be important for a given type of property. Take, for example, solar panels and ground-source heat pumps. These can help to reduce your carbon footprint but they may not be the most necessary improvements for a property. Insulating a post-war house to stop heat loss through the roof and walls could be a better decision.
Double Glazing and EPC
The Energy Saving Trust notes that after roofs and walls, a home’s windows account for the largest portion of lost heat at around 20 percent. Getting double glazing from a trustworthy company, such as KJM Group, could pay dividends in the long run and reduce the carbon footprint of the property too. Because of this, the type of windows you have is listed in the EPC, with one to five-star ratings. Single or partial double glazing would score one or two starts, with energy efficient double glazed windows or triple glazing scoring five stars.
Upgrading from single panes to triple glazed windows could save a person as much as £160 for a three-bedroom detached property each year. This makes it appealing for many buyers.
If your home is not energy efficient then the potential savings that could be made from basic updates to the property will be listed on the EPC as well as a rough idea for the cost of that update. This will give any prospective buyer some ammunition to ask for money off the property.
Home Energy Efficiency Matters
Many energy suppliers have increased prices in the last couple of years as the weather appears to be getting colder in the winter. This means buyers are paying more attention to energy efficiency. Around 660,000 people switched energy supplier during February 2018 alone, and the cold snap of the Beast from the East made people more aware of how important insulation can be.
What to Do if a House has a Poor EPC
If you are considering buying a house with a poor EPC then you will have to consider the merits of that particular property. Even a period property could benefit from new windows and other small changes, so there are lots that you can do to make a property more energy efficient and to bring it up to scratch.