EPC changes offer good opportunities for landlords EPC changes offer good opportunities for landlords

EPC changes offer good opportunities for landlords

In a bid to combat climate change and reduce pressure on strained energy supplies, the government has recently announced new proposals on EPC ratings.

No. 1010 from our magazine|2 min read| Published in Lettings on 1 April 2022 by our Marketing Team

The changes will require landlords to increase the energy efficiency of their properties to a C or above.
Improvements must be made by 2025 for new tenancies, or 2028 for existing tenancies. As a recent survey showed, 68% of landlords currently own rentals with D or below EPC ratings, which means most will need to act soon to avoid problems down the line.*
While increasing the energy efficiency of your properties can be a costly exercise, it’s also an opportunity to raise the value of your rentals and reduce bills for tenants. This, in turn, will make your lets more attractive to tenants, especially at a time of rising energy prices.
In addition, landlords looking to expand their portfolios may consider buying less efficient homes to upgrade the EPC rating and turn over a profit. If you own a property rated C or above, now is a great time to think about letting it.
 
However you intend to respond to the upcoming changes, we’re happy to discuss your options going forward.
 
Contact our team to discuss this further, or to arrange a lettings valuation.
 
*Landbay

This article was originally published by BriefYourMarket and is reproduced here with their permission.

For more company news and insights from Pygott & Crone, click here

Members of the Relocation Agent Network

Part of a network of agents

We work with other trusted estate agents across the nation

Latest news

Help us make a difference to those in need this Christmas
Campaigns | 21 November 2022

Help us make a difference to those in need this Christmas

Donations for our local food banks are being gratefully received at your local Pygott & Crone branch

Is home staging worth it?
Magazine | 1 November 2022

Is home staging worth it?

Home staging is a specialised skill which involves creating the perfect atmosphere in your home using furniture and accessories, plants and lighting, to garner buyer interest for your property and sell it faster, for the best price.

Winterproof your home with these tips
Magazine | 1 November 2022

Winterproof your home with these tips

As autumn leaves us and dark evenings approach, now is the best time to start preparing your home for the cold months ahead.

One in three properties receive an offer one hour after viewing
Magazine | 1 November 2022

One in three properties receive an offer one hour after viewing

The housing market once again exceeds expectations after a poor reception from the chancellor’s mini-budget and regular talk of a possible slowdown, as current research suggests that in 2022, almost a third (31%) of properties are now receiving offers within an hour, compared to a mere 7% in 2018.

Chat live

Chat live with a member of staff

Please provide your name and email address to continue.

Cookies

We use some essential cookies to make our website work; and we use some other cookies to help us improve our website without identifying you. You can accept all cookies or change your settings below.

For an explanation of cookies and how we use them, see our cookie policy here (opens in new tab). Below you can choose to enable non-essential cookies.

These are anonymous and help us understand how our website is used.