Westcoast Residential joins Absolute
Your September Property Jargon Buster  Energy

What is an Energy Performance Certificate? Knowing what an EPC is can ensure you get useful information about a property you're buying or, if you're selling, give you useful tips on how to improve your property's energy efficiency before putting it on the market.

What is an Energy Performance Certificate (EPC)

An EPC is a report that assess the energy efficiency of a property and considers factors such as how well insulated the property is which should indicate how much the energy bills might cost. It is displayed as 2 graphs: the energy efficiency and the environmental impact of the property. Both are graded from A (most efficient) to G (least efficient) They also recommend improvements that could be made to save you money

Your September Property Jargon Buster ....

Do I need one?

EPCs are needed whenever a property is built, sold or rented and you must order an EPC for potential buyers and tenants before you market your property to sell or rent.

How do I find out the EPC rating of a property I’m purchasing?

If you’re buying a property an EPC should be attached to the listing. If it isn’t, or it is out of date, you can chat to the agent or go to the online EPC register and search for it by postcode.

What does an EPC show me?

It will give an energy efficiency rating and an environmental impact rating. An estimate of energy use, CO2 emissions, heating, lighting and hot water per year and the potential costs for each will also be included.
Helpfully it also offers steps you can take to improve the energy efficiency rating and how much this might cost to install but also how much it will save you per year.
Your September Property Jargon Buster ....

What do the ratings mean?

EPCs are rated from A to G with A being the most energy efficient and G being the least. The certificate will clearly show the rating of the property and also a potential rating if changes are made. Properties are also given a score, the higher the number the lower your fuel bills are likely to be.

Why are EPCs useful for buyers?

They are a great source of information but the two main attributes to having this resource are;
· It will indicate how much the energy bills may cost
· Any potential changes you can make in the future to make the property more energy efficient will be highlighted

Why are EPCs useful for a seller and how do I use it?

An up to date EPC is a legal requirement for anyone selling a property.
You can use the EPC to your advantage to improve your property and make it more appealing to a buyer.Fortunately some energy efficiency recommendations are very simple and don’t require a lot of money or time to put into place. Something as easy as changing lightbulbs to energy efficient ones can improve your rating.

EPCs for landlords.

Landlords must have an up to date EPC when renting out a property or starting a new tenancy. A rental property cannot be below an E rating.

Do all properties need an EPC?

According to the government website there are some buildings that are exempt from needing an EPC. Some of these include places of worship, non-residential agricultural building and residential buildings intended to be used less than 4 months a year to name a few.