Does The Energy Performance Certificate Rating Affect the Price of My House?
An Energy Performance Certificate (EPC) is one of the many pieces of paperwork you’ll need when selling your house. But have you ever thought about how the EPC could affect your home’s value?
What is an Energy Performance Certificate?
An EPC measures how energy efficient a property is. It shows how much the property will cost to heat and light, what its carbon emissions are, and recommends where improvements can be made.
An EPC gives a property a number of points between 0 and 100. The more points a property has, the more energy efficient it is. These points equate to a colour-coded rating system that runs from A (green, most efficient) down to G (red, least efficient).
Energy efficiency varies greatly between different properties, especially those of different ages, sizes and conditions. The standard EPC rating scale allows buyers to directly compare same house-type properties.
Do I need an EPC for my home?
By law, an EPC is needed whenever a property in the UK is:
- First built
- Put up for sale
- Rented out
An EPC remains valid for 10 years. It’s your responsibility to make sure you have a valid EPC before you market your home for sale or rent. A valid EPC can only be issued by an accredited domestic energy assessor in Northern Ireland and across the rest of the UK.
What does an EPC survey involve?
Acquiring an EPC is a quick and simple process. In fact, for standard domestic properties with less than 4 bedrooms, the initial EPC visit should be 30 minutes or less.
At epc4less we offer a 24-hour turnaround so you can have your EPC within a day.
During the EPC visit, our energy assessor will collect information about your property, including:
- How and when the building was constructed
- Type of property and number of rooms
- Glazing of the windows
- Insulation in the property
- Heating system and the fuel used (gas, oil or solid)
The assessor will take pictures and draw up a floorplan. This provides the evidence necessary to lodge the certificate and add it to the EPC Register.
The survey is non-invasive, meaning the assessor has to be able to see something to add it to the EPC. They can’t cause any damage to your property (drilling into a wall, for example) to look for evidence. They also can’t just take your word for it. Paperwork such as warranties or invoices can be used to prove the existence of any work done on your home that is not easily accessible.
Will the EPC rating affect my house price?
In short, probably not. An EPC is just one small part of the puzzle for prospective house buyers. Higher energy efficiency means lower bills, so a good EPC may make your home more attractive to energy-conscious buyers. Actual house price, however, is far more likely to depend on factors such as location, property size and condition.
Will a low EPC rating affect the saleability of my house?
Based on our experience assessing over 10,000 properties in the last 12 years, buyers are more likely to prioritise the location of a property, its condition and size, over the EPC rating. If a house ticks all the other boxes, EPC rating would have little to no impact on their decision to buy.