This is an interesting question, if you are looking to sell in the future and you haven’t seen the publicity surround EPC’s (Energy Performance Certificate) in the media recently, then this should be on your radar!
Certainly, if you are thinking of selling your home within future years, this could be a problem ...
With the rise in energy prices, which are likely to rise again very soon, properties which are lower down the spectrum on an Energy Performance Certificate, ratings namely D,E,F,G’s will start to become less attractive to consumers looking to purchase! This will be associated with the heating these homes and the costs involved!
The other additional factor you may not have been aware of is, currently the government is considering linking Stamp Duty with EPC ratings, which again will ultimately have a further impact on lower rated homes.
We also think what we will find in the future, mortgage lending and the cost of lending going up on less attractive homes, as these homes will become less saleable in the market.
My advice at the present is if you are lacking a good EPC rating, go to the EPC register and look at ways you can improve your home. The only aspect it is worth sitting tight on, is the way you heat your home, there are likely to be changes soon regarding this!
https://www.gov.uk/find-energy-certificate
The answer to the original question, with the evidence out there, it certainly is looking like, in the not too distant future, it will have an impact on the value of your home!
Within the investment marketplace for landlords, it will definitely affect the value and saleability, there is talk from that from 2026, all rented accommodation will have to have a rating of Grade C. Which is going to be very difficult for some properties.
If you would like a discussion further on this topic, please call us on 01392 247700.
March 2022
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