One of the things you need in order to sell a house is an Energy Performance Certificate (EPC).
An approved assessor will visit your home and create not only a score for the properties current energy efficiency but also any improvements that could be made to raise it.
The rating is based on a scale of A-G, which spans from ‘efficient’ to ‘non-efficient’. This score lets any potential home buyers know how expensive the property will be to run.
It will also contain a potential score that could be obtained if suggested actions are taken such as switching to more energy saving light bulbs.
Such simple changes could easily gain a tenant a grade higher in their score, which in turn may lead to an easier sale.
On average, most older homes score a D, new homes unsurprisingly will fair better.
It’s worth putting in some time, therefore, to assess what improvements you can undertake to help raise the value of your home.
Once created, the EPC is valid for a term of 10 years.
A penalty of £200 is in force for those who do not have an EPC commissioned where needed.
There are a few exemptions for getting an EPC as follows:
- Places of worship
- Holiday accommodations (4 months or less)
- Listed buildings
- Residential buildings for rent fewer than 4 months a year
- Buildings with less than 50 meters square floor space
Where Can You Get One?
Who can provide the EPC? In England, North Ireland, and Wales accredited Domestic Energy Assessors will be able to help you.
In Scotland you will need to contact the Scottish Government website to find a list of approved organizations.
Cost for an assessment varies depending on who you use. It’s wise to shop around to get the cheapest price which can range from £59-£120. In Scotland, however, fees can be as high as £600.
If you wish to make improvements based on the findings of the EPC, the government has a scheme known as the Green Deal
It allows homeowners to borrow money to make energy saving modifications to their home. Repayment of this loan is made through subsequent gas and electricity bills.
You will not be liable
for payments that exceed the savings in costs from the improvements, however. And if you move home, the repayment will be transferred to the new owners.
Getting an EPC for your home is not only a legal requirement but a chance to get more value out of your home
when looking to sell.
Once obtained, make any improvements suggested and reapply for a new assessment. With a higher grade, you can expect a substantial increase
in the selling price of your property.