Recent research from the Department of Energy and Climate Change (DECC) has shown that a residential property’s energy efficiency now significantly influences its price tag, to the extent that a jump in EPC rating could be worth thousands to the owner.
The research took account of 300,000 property sales in England between 1995 and 2011 and revealed that EPC improvement from a band G to E or from a band D to B could mean adding more than £16,000 to the sale prices of the property. This increased even further for certain regions of the country. For instance, in the North West the value increase could be over £23,000 while this figure soared to over £25,000 in the North East.
In a recent blog post we also highlighted the increasing importance of EPC certificates in Scotland. Most notably, EPC information must now be displayed on all advertisements when renting or selling a property, meaning it is no longer enough for property owners to acquire one at the last minute after a deal has been concluded.
Meanwhile, each certificate must include a recommendation report which features more detailed information on the cost effectiveness of the recommendations made in the EPC. It must also breakdown the steps that need to be taken to implement such recommendations.
If you are concerned about your property’s EPC rating or would like a clearer roadmap for improvements, check out the free demonstration of our Carbon Dashboard tool.
While we’ve written extensively in the past about the benefits of assessing a property’s energy performance with thermal imaging, the Carbon Dashboard is an interactive dynamic energy simulation tool which assesses the image and allows experimentation in real time with changes to your building’s fabric.
Not only can you see the effects of specific changes, but you can also set a desired EPC rating and our unique software will instantly compile a clear report detailing the most suitable refurbishments.
In the demonstration, we have pre-loaded fairly typical thermal images to give the users an idea of the process and thousands of clients have benefitted from the service by uploading the thermal images of their own properties.
Meanwhile, our detailed reports can also identify measures needed to secure significant changes in EPC rating.
If you are interested in finding out more then please do not hesitate to contact us.