Make Your Home Energy Efficient If You Want to Sell It for More
Summer and spring are the best times to sell your home in the United Kingdom. This is what statistics show: you can sell your home at a higher price in those seasons.
With that said, everyone wants to cut their carbon footprint. It has changed the way people spend money on many things. This includes food, cars and so on.
And now, home buyers are doing the same. If you want to tip the balance into your favour, then there are a lot of stuff you can do. This includes double-glazed windows, solar panels and things of that nature.
Government research supports this. In fact, it’s suggested that upping the EPC, short for energy performance certificate, of your home to a Band B from a Band D can add thousands to your home’s value. The value can increase by £16,000 or more.
What is an EPC?
An EPC ranks the energy performance of your home. It can be ranked from A to G, and the EPC tells potential buyers how well the home will perform. They will also get an idea of what the running costs are.
EPCs are important for landlords too. Back in April of last year, legislation came out. The law made it illegal to rent out homes and properties that had an F or G rating.
Improving Your EPC
Knowing what potential running costs is a good thing. However, EPCs tend to place a lot of focus on home improvements. This is why they have been criticised by some people.
A good example of this is solar panels, which can reduce homeowners’ carbon footprints. In some war-post homes, heat can be lost via roofs and windows. This is why properly insulating a home is in your best interest.
Can Your EPC Improve With Double-Glazed Windows?
A lot of people don’t know this, but a lot of heat can be lost due to windows. If you have not replaced your windows in a very longtime, then now is the time to consider. Doing this is a great way to reduce your carbon footprint, which is why installing new windows should be done if you plan on living in your home for years to come or if you plan on selling it in the very near future.
Windows are a major indicator in your home’s EPC. This includes windows being ranked from one to five stars. Double-glazed windows are rated high and so are triple-glazed windows – the kind of thing provided by the KJM Group and other suppliers.
Installing new double- or triple-glazed windows can save a three bedroom detached home a lot of money. A hundred and sixty pounds per year is the average savings such a home can save. Prospective home buyers will likely think this is attractive.
If your house isn’t energy efficient, then this may be listed in your EPC. Prospective buyers might not be interested in buying your home at the full price, if this is the case. They may very well ask you to take money off the asking price or they will pull out of the deal at the last minute, which is why you want to do everything possible to make sure your home is as energy efficient as possible.
Energy Efficiency is Becoming More Important
In 2017, many suppliers hiked their energy rates. In 2018, energy efficiency became extremely important to consumers. This is mainly due to the cold snaps that hit.
In February 2018 alone, over 650,000 people switched energy suppliers. Householders focuses shifted to energy performance and energy consumption. This was especially the case after the ‘beast from the east’, but there are other factors that might have played a role in consumers making a switch.
What if a House Has a Bad EPC?
Should you not buy a house if it has a bad EPC? Ultimately, the choice is up to you. You want to weigh the pros and cons of buying the house before making a final decision.
We do want to point out that there are ways to make a huge difference. This includes installing new windows. Don’t forget, there are other things you can do if you want to improve overall energy performance.