Technology is not only transforming the world we live in, it has also found its way into our homes.
Becoming climate friendly is a huge plus for your property.
Making homes greener is a critical part of helping the UK to reach Net Zero by 2050. The government wants to get as many residential homes as possible up to an EPC rating of C by 2035.
An EPC (Electrical Performance Certificate) is needed when selling or renting out your property.
Alongside it being a legal necessity it also effects the value of your property. A better score means a better valuation, a lower score the opposite.
So, over the coming years, could homes with highly-rated EPCs become as important to potential buyers as a big garden, a desirable location, or a quick broadband speed? We think yes.
So what climate friendly features are buyers/tenants looking for now?
Buyers of the future will no doubt be aware of the importance of energy efficiency and will use the energy rating when negotiation a price.
Solar panels and heat pumps are becoming a common topic when buyers are searching for potential homes. These trends are only going to increase as time goes on.
Over time, buyers will be asking a lot more about the types of features being installed in the latest new-build homes, such as PV panels, mechanical ventilation with heat recovery, EV chargers, reduced water usage, and the potential installation of air source heat pumps.
Improving your home’s EPC rating could add 16% to its value
Well known property search engine Rightmove analysed more than 200,000 homes listed on their site that had been sold twice, but had an improved EPC rating the second time.
They found that sellers who had upgraded their rating from an F to a C added an average of 16% to the price achieved for their home. This premium is on top of the local house price growth the home may have benefitted from since it was last sold.
