Thinking of renting out your property? Make sure it is energy efficient

Posted under Advice by Michael

According to a recent study by the Energy Partnership for Homes (EEPH) on current attitudes to energy efficiency; around 9 out of 10 (close to 85%) of private tenants are anxious over the increase in costs of domestic energy, while around 42% seemed to be really concerned about the problems of rising energy costs.

As is evident from the survey, nearly 9% of all the respondents have already ,moved or decided to move to a property that is more energy efficient than their current property. When asked about the usefulness of Energy Performance certificates (EPC), almost 88% of the respondents said that they would look for an EPC while renting a property. Almost 32% of the respondents said that EPC is very useful while renting a property.

Almost one fourth of the respondents said that they would use EPC to shortlist the properties for rent. A striking 90% of the respondents claimed that an EPC would really impact their choice of property. Around 40% of the people surveyed said that they would use the EPC to decide between two properties having similar attributes.

According to the study, the energy performance and efficiency of a property is becoming an extremely important factor in choosing a property along with attributes such as the location, types of property and the rent. More and more landlords are realising this fact and trying to make their properties more energy efficient.

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