When it comes time to sell your home, having an Energy Performance Certificate (EPC) is essential. This certificate grades the energy efficiency of your property, with A being the best rating and G the lowest.
For owner-occupied homes, there’s no minimum rating required, but all rented properties must achieve at least an E rating to legally be let. Looking ahead, the Government is considering raising this minimum requirement to a C level. Currently, the average rating stands at D.
When selling your home, aiming for an EPC rating of C or above is ideal. This demonstrates to potential buyers that your property is reasonably energy efficient, making it easier and more cost-effective to heat. According to the Halifax, improving your EPC rating can increase the value of your home by around 2%. While this may not sound like much, with the average home value at £280,000 (Land Registry, March 2024), a 2% increase translates to a price boost of £5,000 or more.
To maximise the value of your home, ensuring a high EPC rating is one effective strategy. However, identifying the specific factors that influence property prices can be challenging.
Here are five steps you can take to increase your home’s EPC rating and enhance its saleability:
1. Check Your Current EPC Rating
If you purchased your home since 2008, you should have an existing EPC certificate. Check the rating and determine if improvements are needed. EPCs are valid for 10 years, so consider getting a new assessment if necessary.
2. Install Radiator Thermostats
Fitting thermostats can significantly reduce heating bills by approximately £100 per year, according to the Energy Savings Trust. The upfront cost is modest and can easily be offset by the added value to potential buyers.
3. Switch to Low Energy Lightbulbs
Replacing standard lightbulbs with low-energy alternatives can positively impact your EPC rating. This simple switch is cost-effective and beneficial for a new EPC assessment.
4. Upgrade Insulation
Enhance insulation in your home, starting with loft insulation. Ensure it’s at least 270mm thick for a good EPC rating. The cost of installation is reasonable and contributes to better energy efficiency.
5. Consider Smart Utility Meters
While not directly impacting EPC ratings, smart meters help monitor energy usage, enabling more efficient consumption and cost savings. Contact your utility provider to explore this option.
In summary, having an energy-efficient home is not only attractive to buyers but also contributes positively to the environment. By implementing these tips, you can enhance your property’s appeal, potentially increase its value, and sell more quickly — all while reducing your carbon footprint. A high EPC rating is an asset in today’s property market.
If you have any additional questions, then please get in touch.