What are EPC’s and why do they matter? The importance of Energy Performance Certificates

What are EPC’s and why do they matter? The importance of Energy Performance Certificates

When you are attempting to sell your home, unfortunately there are a few loops you need to jump through to make sure that everything is in order and you can sell your home with minimal hassle. You want to make your property look as attractive as possible for any potential buyers, so you’ll need to get all the right paperwork together to give them a good idea of what to expect in your property.

According to Bedfordshire building surveyors www.building-surveyors.co, a professional surveyor is likely to assess the condition of your property, including all visible and accessible areas of the home as well as the foundations and any major issues. If you set about repairing any physical, structural or cosmetic issues before you try to sell your home, you are more likely to be successful as buyers will often be looking for properties that are ready to be moved in as soon as possible.

One of the documents you will need in order to sell your home is an EPC or Energy Performance Certificate, which is essential when selling, renting or buying a property.

What Are EPCs?

An EPC is a standard document designed to assess a property’s energy efficiency. The Energy Performance Certificate provides a full run down about the energy use of the property, including the costs of the energy usage as well as recommendations about how to make it both more efficient and cheaper to run. Properties are normally ranked on efficiency from A to G, with A being the most energy efficient.

The EPC covers lighting, heating and hot water including the current costs over 3 years and the potential costs if various energy saving procedures are put into place. It gives a good estimate of the potential of the property and whether or not it is energy efficient for the local area.

Why They Are Essential and Who Needs Them

EPC’s are essential as they give a potential buyer an idea of the running costs of that particular property as well as an idea of whether or not they can potentially reduce those running costs. As an EPC provides a few actions that can be used to save money and make the property more efficient, a potential buyer will be able to assess how much work is needed on the property to make it more energy efficient.

EPCS are needed by anyone looking to build, buy, sell or rent a property. It is essential for homeowners to order an EPC for potential buyers and tenants before marketing your property to sell or rent.

Properties and buildings that don’t need an EPC include places of worship, temporary buildings that are due to be used for less than 2 years, buildings that are due to be demolished, listed buildings, residential buildings to be used less than 4 months a year and holiday accommodation that is rented out for less than 4 months a year. It might be a good idea to check whether or not your property falls under this category before requesting an EPC.

How to Get One

Getting an EPC is fairly simply, just find an accredited assessor who will inspect your property. They will provide a thorough analysis of the property and produce the certificate. It is essential that you get an EPC when selling your property, otherwise you can be fined if you don’t have an EPC when you need one. When buying or renting a property, you should be able to request to be shown an EPC and the seller, the landlord or the letting agent must be able to show it to you before you plan to buy.

Even if you are in the very first stages of considering selling or renting out your property, as an essential document that doesn’t take a lot of effort and planning to arrange, it is far better to get your Energy Performance Certificate sooner rather than later.