In this episode, Nick provides a comprehensive overview of what to expect during an Energy Performance Certificate (EPC) assessment for your property. He discusses how to find a qualified energy assessor, the typical costs associated with the assessment, and the various factors that assessors evaluate, such as building construction, heating systems, insulation, and energy-efficient fixtures. Nick stresses the importance of having proper documentation and evidence to support the assessment, including invoices and photographs of energy-saving installations. He also highlights the significance of EPC ratings for landlords, covering legal requirements, tenant attraction, potential rental income, and property value.

KEY TAKEAWAYS

• To locate a qualified energy assessor, use the government website by typing "Find an Energy Assessor" along with your postcode. Expect costs to range from £40 to £80 depending on the property size.

• The energy assessor will conduct a site visit lasting approximately 30 minutes to an hour, inspecting various aspects of the property, including construction type, heating systems, insulation, and windows.

• Homeowners should have documentation ready, such as invoices and photographs of any energy-efficient upgrades or insulation work done, as this evidence is crucial for accurate assessment and rating.

• The Energy Performance Certificate (EPC) rates properties on a scale from A to G, with recommendations provided for improvements. These recommendations should be followed in a specific sequence to enhance the property's energy efficiency.

• EPCs are legally required for rental properties, with a minimum rating of E currently, moving to C by 2030. Higher EPC ratings can attract better tenants, increase rental income, and improve property value, while also demonstrating environmental responsibility.

BEST MOMENTS

"The best way, or the recommended way, is to go on the government website. If you type in Find an Energy Assessor, and type in your postcode, it will come up with a list of local assessors."

"As I said, they're looking to see if it's a solid floor or a suspended floor. They'll have a look at the heating and cooling systems."

"If you have an installation done, you know, make sure your invoice states we've installed x type of insulation under your floor."

"EPCs score between 1 to 100 with 1 being the lowest and 100 being the highest and it goes from G, E, F etc up to A."

"EPC ratings are important for landlords because they are legally required, can attract tenants, increase rental income, reduce energy costs, and improve property value."

The UK’s #1 Property Investing Event – MSOPI Training

https://bit.ly/3FqcL4l

The UK’s #1 Property Investing Event – MSOPI Training London

https://bit.ly/4isD2xs

HOST BIO

Nick is an award winning property investor, voted Fastest Newcomer 2022 by Premier Property, and is an accredited Retrofit EPC Assessor. He sources and renovates properties for himself as well as other investors. While doing this he has developed his own systems for efficient investment, such as developing his own methods to save time when viewing properties and estimating market values and potential returns, costing out renovations.

He spends three months of the year abroad and while there continues his business with use of modern technology and his proven systems.

Location freedom has always been his "Why" for being a Property Investment and has now reached his ideal of the colder months spent in Thailand and the rest of the time in the UK, all while continuing to run his business