Does a High EPC Rating Mean a Better Property Valuation?
Improving your home value through energy efficiency
With today’s importance on environmental consciousness, energy efficient homes are achieving higher prices on the property market. Energy efficient homes are priced at a premium because their ‘green’ upgrades offer both reduced utility bills and avoided maintenance expenses. These higher premiums also reflect the improved quality of life that green upgrades can offer homeowners, from health benefits to enhanced in-home comfort. Residential energy efficiency is an investment that yields financial benefits in the form of both immediate monthly savings as well as future profits when the house has been sold.
What is the Energy Performance Certificate (EPC)?
The Energy Performance Certificate (EPC) is required when selling or renting a property and includes a rating given to the property on a scale of A to G. It measures the quality of the property’s energy efficiency and includes recommendations on ways a property can be improved to cut fuel bills, improve efficiency and reduce carbon emissions.
Benefits of selling an energy efficient home
Energy efficient homes are growing in popularity, with sellers highlighting the benefits of efficient upgrades in the face of rising energy prices. When the time comes to sell your house, you should inform your estate agent or solicitor of the energy efficient measures that are now a part of your home’s infrastructure. Details of upgrades such as insulation or draught-proofing will be passed on to future owners, along with their energy savings. In addition, these upgrades distinctly improve habitation comfort within the home and can be a potential selling point.
How energy efficiency improves home value
While it is still a work in progress, growing evidence reveals that greater energy efficiency translates to higher home values. This correlation is increasing over time.
Unlike improvements such as adding a bedroom or updating a kitchen, which are typically expected to add value, the value of energy efficiency improvements relates to energy cost reduction. This means that a given reduction in energy use, whether the result of a major improvement or a simple (i.e. low cost) one, can have the same impact on home value. The reason for this is that regardless of how the energy cost was reduced, the lower cost of energy means the homeowner has more monthly budget available for other expenses, such as a bigger house. Energy-efficient homes produce immediate positive cash flow for home buyers because the reduction in monthly fuel bills more than offsets the higher monthly mortgage payment needed to finance such investments.
Andrew MacKenzie is a qualified Chartered Surveyor with over 20 years’ experience within the Scottish Property market. He specialises in all types of residential valuations including Home Reports, Private Valuation reports and Development Appraisals.
Outstanding service and very quick turnaround from Andrew and the team. Would highly recommend this company for anyone requiring a fast, professional and efficient service.
19:27 03 Oct 23
19:11 09 Jul 23
Thank you Home Report Company, the surveyor who was sent over for our house valuation report was great. It was nice to be able to welcome a well-mannered, friendly and professional person to our home.For those looking for chartered surveyors to carry out a home report or valuation, I highly recommend this company. They have been very helpful, polite and punctual - and made life that little bit easier during a difficult time in our family. Thank you again.
james “TechnixJim” F.
06:43 26 Jun 23
I needed a survey done quick and contacted home report company,Andrew came within 2 days,no messing about and got my survey paperwork next day via email,excellent company,thank you andrew.all the best jim.
18:15 23 Jun 23
I have recently instructed the Home Report Company to complete a survey for me. From my first initial enquiry up until receiving my report I have nothing but high praise. I was given a quote, a prompt appointment was made and the survey completed. Andrew, the surveyor, was very professional and also very smiley and reassuring. He went about the survey with minimal intrusion or fuss and he also liked my dog 😊. Highly recommend.
16:47 09 Jun 23
Andrew Mackenzie from home report company did our home report very professional and polite.This is the second time I have used home report company and mr Mackenzie has done both reports.The price charged was very competitive and by far the cheapest I enquired about, I would definitely recommend the home report company for your home report.
15:34 28 Apr 23
10:58 05 Apr 23
Perfect, exactly what we needed to sell our home, very quick, helpful and at an excellent price! Would highly recommend!
21:36 22 Mar 23
Friendly and professional service. Andrew was very professional and answered any questions I had. I received the completed home report the next day, after first receiving the draft version.
Steve “Steve J” J.
10:47 16 Mar 23
Very friendly and helpful surveyor who produced an honest, factual report. Survey was organised very quickly, was reasonably priced (compared to other quotes) and the report was produced quickly after the survey. No complaints!