{"id":6035761,"date":"2021-09-15T09:35:45","date_gmt":"2021-09-15T08:35:45","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=6035761"},"modified":"2021-09-15T09:35:45","modified_gmt":"2021-09-15T08:35:45","slug":"property-investors-must-prioritise-energy-efficiency-in-rental-homes","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/news\/property-investors-must-prioritise-energy-efficiency-in-rental-homes\/","title":{"rendered":"Property investors must prioritise energy efficiency in rental homes"},"content":{"rendered":"

Getting a cheap price for a rental property no longer means making the best returns. Honing in on what tenants are looking for could bag you the best investment for long-term success.<\/strong><\/p>\n

The private rented sector continues to adapt to the changing world, and the environment is high on everyone’s agenda. For tenants, a home with top energy efficiency<\/a> will not only keep bills down, but will also reduce the property’s carbon footprint, which is a big concern for many right now.<\/p>\n

New research from Direct Line for Business shows just how crucial this factor actually is. In a survey, around 25% of renting Brits said they would leave (or not even consider) a home with poor energy efficiency. A huge 80% would ask how landlords have improved the sustainability of a property. Meanwhile, three quarters of people say energy efficiency is important when looking at a rental home.<\/p>\n

Making existing homes greener<\/strong><\/p>\n

Luckily, a large number of landlords<\/a> are on board with the importance of the issue. Direct Line found that 83% had made changes to make their properties more energy efficient. A further 73% recognised how important the issue is for tenants. Cost-wise, 38% of landlords said they had spent more than \u00a31,000 over the past year increasing the energy efficiency of their homes.<\/p>\n

Jamie Chaplin, landlord business manager at Direct Line<\/a> business insurance, said: \u201cIt\u2019s encouraging that both tenants and landlords see a property\u2019s energy efficiency as important, ensuring that rented homes are more sustainable and cheaper to run. <\/span><\/p>\n

“It\u2019s also great to see so many landlords taking action, making a diverse range of changes to their properties to ensure they\u2019re greener.”<\/span><\/p><\/blockquote>\n

He added: \u201cLandlords making changes to their property should check their existing insurance<\/a> arrangements and ensure that they have the right cover in place.”<\/span><\/p>\n

Invest in an energy-efficient home<\/h4>\n

For property investors and landlords looking for their next purchase, it’s clear energy efficiency should be a priority. If tenants will dismiss a home based purely on this element, focusing on it will massively improve its rentability.<\/p>\n

One option would be to purchase a new-build. Around 75% of newly built homes score ‘A’ or ‘B’ in their EPC ratings according to government figures. They are typically built with higher quality insulation, modern draught-proofing and include brand new appliances that are cheaper and greener to run.<\/p>\n

Similarly, newly converted properties can also score higher when it comes to EPC ratings. This can be another great option for landlords and property investors, compared to buying a home where the landlord will need to invest extra to get energy efficiency standards up to scratch.<\/p>\n

What’s the minimum EPC rating?<\/h4>\n

Since April last year, landlords are not allowed to let out properties with an EPC rating below E. In the future, this may change to a minimum score of C. Tenants are entitled to request copies of the EPC certificate for the property they are renting, and many will ask about the EPC when viewing a home.<\/p>\n

At BuyAssociation, we help investors find their ideal\u00a0property investment<\/a>\u00a0in the UK, connecting you directly with the developer. We specialise in new-build properties as well as newly converted properties that retain the character of the original building.\u00a0Contact us<\/a>\u00a0directly for more information, and\u00a0sign up for free<\/a>\u00a0to access all our stock.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Getting a cheap price for a rental property no longer means making the best returns. Honing in on what tenants are looking for could bag you the best investment for long-term success. The private rented sector continues to adapt to the changing world, and the environment is high on everyone’s agenda. For tenants, a home… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":6031638,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,61,6],"tags":[298,275,433,44],"class_list":["post-6035761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy-to-let-landlords","category-construction","category-uk-housing-market","tag-energy-efficiency","tag-environment","tag-epc","tag-new-build"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/6035761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=6035761"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/6035761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/6031638"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=6035761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=6035761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=6035761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}