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Increase Your Property Value

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Increase Your Property Value
An EPC will breakdown each building feature/element (Walls, Windows, Hot water) in terms of its energy performance, it does not consider the actual working condition of the feature. In England, Wales and Northern Ireland, the scale moves from very good (most efficient) to very poor (least efficient), and is calculated from the energy efficiency cost rating and the environment (CO2) rating. If you are renting your commercial property and the EPC rating comes back as F or G, you are required to carry out the recommended works to make your commercial property more energy efficient up to a cost of £3,500. You do not need to get an EPC if you are renting your commercial property from someone else. Information on an EPC gives the potential homeowner a guide to the energy costs of running a house for 3 years based on standard occupancy. It gives the house an energy rating on a scale A to G, A being excellent G the worst rating. The MEES Regulations currently apply to renewal or a grant of a new lease and the property must be rated a Band E on the EPC or higher to be legally let, there some exemptions but these must be put on the government register. From April 2023 these regulations will apply to all lease agreements regardless of when they were granted. For landlords, there are seemingly endless responsibilities to keep track of. Every self-respecting landlord wants to provide safe and comfortable homes for their tenants, but it can be difficult to stay on top of changing developments. One such responsibility that’s vital to stick to is getting an EPC for your property. The EPC is a certificate to ensure the sufficiency of a buildings energy performance and is required for all properties being put on the market to sell or rent. An understanding of the challenges met by non domestic epc register can enhance the value of a project.

The EPC and MEES are now a powerful tool in landlord and tenant negotiations, particularly where a sub-standard EPC exists or could be generated. The existence of or threat of an F or G EPC being produced by the tenant could significantly affect rent review, lease renewal or dilapidations discussions. An EPC (which stands for the Energy Performance Certificate) is a report that assesses the energy efficiency of a property. This report includes the property’s current rating, the measures that were installed in the property when the report was completed and ways that the energy efficiency of a property can be improved. It can also state how well the property is currently insulated and how much bills will cost to insulate the property. Net Zero is a global imperative. To reach Net Zero and limit global warming, governments, public sector bodies, corporate organisations, financial services, regions and cities must focus on delivering ambitious climate action plans. EPCs also include recommendations on measures that would make your home more energy-efficient, along with estimated costs for implementing the changes and the potential savings you could make. Commercial EPC surveys are more in depth than their domestic counterparts and generally involve making a 3d model of the building in specialist software. The assessor carrying out the survey must have a Non Domestic Energy Assessor (NDEA) qualification at a level appropriate for the type of building. Professional assistance in relation to commercial epc can make or break a commercial building project.

Reducing GHG Emissions
The MEES regulations currently set the minimum level of energy efficiency for a building at an Energy Performance Certificate (“EPC”) rating of at least band E. Subject to certain exceptions, the MEES regulations impose restrictions on lettings. Since April 2018 it has been unlawful to let non-compliant buildings, applying to the grant of new leases and lease renewals, and from 1 April 2023 it will be unlawful to continue to let non-compliant buildings. An EPC rating is valid for ten years. Once older than ten years, a new one will need to be issued before a landlord can legally rent the property out or sell it. The EPC report shows two ratings because one is the current rating. The other is an estimation of the potential rating the property may be able to achieve should you make the necessary energy efficiency improvements. If you plan to sell your home, rent it out to new tenants, or build a new home, you’ll need an EPC. If your home doesn’t have a valid EPC, you’ll need show your estate agent that you’ve commissioned one before your home is listed. You can find more info on the topic of Fully Accredited Commercial Energy Assessors at this UK Government Publications entry.

Related Articles:
Extra Insight About Professionally Qualified Domestic Energy Contractors
More Findings On Commercial EPC Assessors
Additional Findings With Regard To Qualified Domestic Energy Assessors
Background Findings About Qualified Domestic Energy Assessors
Background Insight On Non-Domestic EPC Contractors
Extra Information About Fully Accredited Energy Assessors
Additional Information With Regard To Commercial Energy Performance Certificate Contractors


Posted on 08/04/23

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