By Isle of Wight Observer
With energy bills still high and climate concerns always on the agenda, property purchasers are asking a new question when house hunting: How energy efficient is it?
Properties with better Energy Performance Certificate (EPC) ratings are increasingly commanding more attention and, in some cases, higher prices. A-rated homes are rare, but features like double glazing, modern insulation, heat pumps, and solar panels are making older properties more attractive to eco-conscious buyers.
But there’s more at play than just ‘buyer preference’. Government proposals over the past few years (some shelved, others likely to return) have signalled a shift toward tighter energy efficiency regulations, particularly for landlords, so it’s clear the direction of travel is toward greener homes.
So what does this mean if you’re thinking of selling? In the majority of cases, it is necessary to have commissioned an EPC in readiness for marketing the property for sale. This enables the energy performance indicator from the EPC to be included in the marketing materials for the property, which will also highlight any energy upgrades. Even small improvements like draught-proofing or replacing an old boiler can make your property more saleable.
At Biscoes we are already seeing EPC ratings play a bigger role in negotiations, mortgage lender requirements, and buyer decision-making.
Whether you’re buying or selling, understanding your home’s energy profile isn’t just a green issue, it’s a smart move.
Also on the green theme, if you run or own a business on the Isle of Wight you may want to take a look at the Green Impact toolkit offered by the IW Council. The toolkit is a free way for Island businesses to make improvements in their workplace to enhance their environmental performance and reduce operational costs – it’s a win win!
If you would like Biscoes assistance with your legal needs, please contact a member of our friendly team on 01983 533938, or our website at biscoesiow.co.uk
