From 1st April, all new rental leases and renewals of tenancies will be required to have an energy performance rating of at least E on an Energy Performance Certificate (EPC). For existing tenancies, the regulations come into force on 1st April 2020.
We wondered how much tenants are prepared to pay for energy efficiency. Properties across England and Wales let in 2017 with an energy performance rating of E achieved 3.1% more per square foot than properties let with an F or G rating. On an 800 square foot property, this equates to an average of £360 per year.
The majority of landlords are well prepared, but we calculate that around 7% of properties let in 2017 still need to be brought up to the standard required. Best prepared are London landlords where just 4.9% of properties let last year were lower than an E rating, while in the South West more than 10% of properties did not meet the standard.
At the top of the scale, properties with an A or B rating achieved, on average, 31% more per square foot than F and G rated properties in 2017. On an 800 square foot property, this equates to an average premium of £3,600 per year.
We would like to take this opportunity to thank you
for your continued support which has made 2017
such a successful year
and we look forward to working with you
in 2018 and beyond.
After months of hard work, our new website finally went live over the weekend and is looking fantastic! Why not have a good look around and see what amazing new features and information are included.
Our new banner has arrived today ready for tonight, and it looks great!! We are proudly sponsoring the Pink Wig event which is part of Falmouth Week and raises funds for vital research projects, the best care for breast cancer patients in Cornwall and a safer future for the next generation.
Waiting for an offer to come through on your home can be tense, but there are plenty of things you can do if your house isn’t getting any good offers. Changing the price - this was the number one recommendation from Guild agents. Most people won’t view a property if they think it is overpriced. If your property has been on the market for over 12-15 weeks with at least 15 viewings, it may be time to change the price.
Well-presented homes in a good quality condition tend to sell the fastest. The viewer can imagine themselves moving in right away, making it more attractive. Has your agent been putting in a lot of work? If yours clearly isn’t, it may be time to change. A good agent, like a Guild Member, will work proactively to sell your home. They’ll present your home perfectly through photos and brochures, and will know the local market really well. Listen to feedback - agents should be able to offer feedback after an unsuccessful viewing. Ask to hear all their advice and act upon it to achieve the sale.
Are you having a hard time selling your property? We can help.
The Guild is a network of the best 800 independent estate agents around the country. Find out why you should choose them to sell your home. Click here to find your closest Guild Member.
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