Improve the EPC in your rental properties now with these handy tips
Improve the EPC in your rental properties now with these handy tips, before the new regulations mean that you have to stop renting it.
Landlords of rental properties have had to provide EPCs for their properties by law for several years now. But, you may not be aware that the Government has introduced minimum standards for rental properties.
All properties that are tenanted must now have an EPC rating of at least an E; otherwise, they are not compliant to be rented at all (of course, there are some specific exclusions for things like Listed buildings etc.).
This is to ensure a minimum living standard for tenants and that their homes are warm enough and efficient enough for them to live in.
But that is not all. There are plans to enforce a rating of C as a minimum across all new tenancies by 2025. This will also change for all existing tenancies, which must meet the requirements by 2028.
Many new build properties will already have a rating of C, so there is no need to worry. But for older properties, changes will need to be made to improve the rating in the next few years.
Here are 6 ideas you can try to improve the EPC rating in your properties ahead of time.
Use energy-efficient light bulbs. These can cut lighting costs by up to 90%, making them well worth the investment. A quick and straightforward task.
Insulate your loft. It will help to prevent up to 25% of the heating from escaping through the roof and can be relatively easy to do.
Consider cavity wall insulation. Holes are drilled into the external walls of your property, and insulation is injected into the cavity. It can help to stop 35% of your heating from leaving your home and only takes a couple of hours to install.
Replace your old boiler with an energy-efficient new one. This could make a drastic difference to your fuel bills – and your EPC rating, but of course comes with a hefty price tag in the first place.
New windows. – not the cheapest option, but it could be good value in the long run. Better and more efficient windows will help to keep the heat inside the property. Look at double or triple-glazed window units for maximum effect.
Deal with draughts. By sealing up any draughty areas, including floorboards, around windows and the external doors, you can reduce the heat loss from inside the property.
And I am sure your tenants will appreciate anything you can do to the property to reduce their monthly utility bills as the gas and electric prices continue to be an issue.
If you have questions about your rental properties or need advice on new legislation, get in touch with our property experts, who are always happy to help.