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Why Energy Efficient Homes Have Selling Power

Posted by Arthur Brown on June 5, 2018
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Energy is a hot topic in housing at present.  The government are taking measures to ensure our homes are well insulated and efficient to run. Meanwhile, programmes like Grand Designs have furthered the popularity of eco-friendly properties. All homes bought, sold or let now require an EPC certificate (energy performance certificate) declaring how efficient the property is.  The certificate also highlights the potential cost savings if the property performs to a high efficiency standard.  With this in mind, it’s not hard to understand why energy efficient homes are attractive to buyers and renters alike.

What the EPC tells you
As well as outlining the estimated costs of running a home, from the lighting to the heating and water, the EPC certificate grades the energy efficiency of different aspects across the property. This includes the walls, roof, floor, windows as well as the main central heating system. Once the property has been assessed, it’s given a grading in its current state. Another mark is provided alongside, highlighting the potential rating it could achieve if the recommended work is carried out to improve efficiency. For landlords, recent changes in the law mean rental properties must achieve a minimum rating of E on the EPC. This is now enforceable and landlords can be fined for renting properties that don’t meet this grade.

Older homes
A lot of the properties  across the Altrincham, Hale and Timperley regions are considered older and less likely to be energy efficient homes. However, small changes can move the property up the EPC ratings. Depending on the budget, it could be a new boiler, replacing windows and doors, having cavity wall insulation installed or adding solar panels. But, we also say for those who are looking to buy an older property and make significant modifications to it, to consider adding energy efficient solutions at the same time. So, whether a kitchen extension, loft conversion, or a complete overhaul of the inside, opt for smart technology heating systems and the most energy efficient glazing to reduce monthly costs and add value to your home.

New homes
New build properties are on average six times more efficient than homes built in the 1960s. They usually have cavity wall insulation and come with the latest double glazing; a unit filled with argon gas, letting in the sun in but reducing heat loss. House builders are always looking for ways to drive energy savings by using efficient materials or innovative design. From sophisticated water drainage systems to state-of-the-art boilers and even smart technology, it’s expected a newly built property rates high on the EPC and can save homeowners a significant amount of money annually.

Do energy efficient homes really matter?
Maybe not to everyone, but to some it does. If after saving for a hefty deposit, you’re faced with interest rate rises and there’s already a list of home improvements to be done, who wouldn’t begrudge saving money on utility bills? And who knows what’s around the corner with government energy targets? There’s been talk of the government forcing those who own poorly insulated homes to upgrade them, to reduce the amount of energy wasted. The cut and thrust of it all is, if you can increase your EPC rating by a band, you can add thousands to the sale price of your property.

If you are looking to let or sell a property in the Cheshire area and would like to discuss your EPC certificate or home energy rating, contact the team at Jameson & Partners for impartial advice. We can also help you get your property on the market with our comprehensive service, excellent local knowledge and competitive rates. Call us for more information – 0161 941 4445.

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