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A must-read for landlords and tenants

LC
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Business
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A must-read for landlords and tenants
E722E8EF-7A92-4A10-8D7F-9AA6FEA17735
E722E8EF-7A92-4A10-8D7F-9AA6FEA17735

A must-read for landlords and tenants

LC
»
Business
»
A must-read for landlords and tenants
Irina Filatova
Irina Filatova
Business, Property
17 May 2023

2 min.

For many of us, the word “home” evokes images of warmth and comfort. But as we continue our journey into the 21st century, a new dimension gradually but firmly adds to this picture – sustainability. The fight against climate change will no longer confine to passionate rallies or policy debates. It’s knocking on our doors, quite literally, as a “green revolution” is set to sweep the UK’s rental market.

By 2028, your rental property needs to have an Energy Performance Certificate (EPC) rating of ‘C’ or higher. Why? To ensure your rented cosy nest is not contributing to the very problem we are all trying to solve – carbon emissions.

A must-read for landlords and tenants | London Cult.

Every landlord is aware that the EPC is a comprehensive report that assesses the energy efficiency of a property. It provides a rating from ‘A’ (most efficient) to ‘G’ (least efficient). The certificate also includes recommendations on improving the property’s energy efficiency, reducing energy usage and saving money.

The UK government proposed that all rental properties achieve at least an EPC ‘C’ rating by 2028. The reason? With the housing sector accounting for a significant portion of the country’s energy consumption, improving the energy efficiency of rental properties can make a substantial impact. This move does not only reduce carbon footprints but also helps tenants save money on energy bills.

That is great news for renters in the UK. A higher EPC rating means lower energy bills and a smaller carbon footprint. Additionally, living in an energy-efficient home has a number of further benefits, such as improved comfort, fewer drafts, and better temperature control. It’s about creating a sustainable lifestyle, one rental at a time.

For landlords, this might seem like another hurdle to jump. However, considering this change further beyond the immediate challenge will help you to see it better as an opportunity. Energy-efficient properties are increasingly becoming more attractive to potential tenants, and they can command higher rents. Plus, making the recommended improvements can increase the property’s value.

Getting your property up to speed with the new EPC rating rules requires giving your place a bit of a makeover. It’s a good idea to kick things off with an inspection – like a health check for your property. Not only would it help you to figure out what needs renovation, but it could also save you some cash by ensuring that you only make the most necessary changes.

Here are a few suggestions to get you started:

  • Improving insulation: enhance loft insulation, wall insulation, and draught-proofing to minimise heat loss.
  • Upgrading heating systems: consider installing energy-efficient boilers or renewable heating options like heat pumps.
  • Opting for LED lighting: replace traditional light bulbs with energy-saving LED bulbs throughout the property.
  • Smart thermostats: install programmable thermostats that allow tenants to control heating and cooling efficiently.

So, as you sip your morning coffee in the warmth and comfort of your living room, remember that your home is now a detail to the broad sustainability narrative. It’s not just about the brick-and-mortar anymore; it’s about how we can make our dwellings more energy-efficient, reduce our carbon footprint, and live more sustainably.

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