Boost Property Value & Tenant Satisfaction with Energy Efficiency Upgrades
From April 2018, it became illegal to sell or rent out properties with an energy rating lower than E. This regulation means it’s now more important than ever for landlords and estate agents to consider installing energy-saving solutions to raise the energy rating of their properties.
By implementing energy efficiency measures, landlords can improve their property’s Energy Performance Certificate (EPC) rating, increase the appeal of their housing stock for future tenants, and ensure that residents enjoy a warmer, more comfortable living environment at a reduced energy cost. Moreover, improving the energy efficiency of housing and building stock is gradually becoming a legal requirement for both public and private landlords, under legislation such as the Energy Act 2011 and the Home Energy Conservation Act 2013.
Energy-efficient upgrades reduce the likelihood of condensation and damp-related issues, thereby decreasing maintenance costs and preserving the property’s condition.
Higher EPC ratings can enhance the market value of properties, making them more attractive to potential buyers and tenants.
Achieving better energy ratings ensures compliance with energy efficiency standards mandated by various legislations and the landlord accreditation scheme.
Tenants will benefit from lower energy costs, leading to a more affordable living situation and higher tenant satisfaction.
Providing a warmer and healthier home environment can result in greater tenant retention and a lower turnover of tenancies.
Implementing these solutions will also contribute to reducing carbon dioxide emissions, making your properties more environmentally friendly.
With these advantages in mind, it’s the perfect time for private landlords and estate agents to prioritise energy efficiency upgrades. Boost the value and desirability of your properties while ensuring you stay ahead of legal requirements and provide a better living environment for your tenants.
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ECO offers free energy efficiency measures to those who receive specific benefits such as:
Additionally, Local authorities can refer their residents to obligated energy suppliers for support under the ECO Flex. However, eligibility for ECO does not guarantee that energy efficiency measures will be installed in your home, but it’s worth exploring this opportunity to save costs and reduce environmental impact. Act now to see if you qualify for this valuable program!