As a local estate agent here in Huddersfield, we at ADM Residential are seeing growing concern among landlords about the upcoming energy efficiency regulations and their potential impact on the rental market. If you’re worried as to how you manage regulations, we are on hand to help you.
The government has mandated that all rental properties in England and Wales must achieve a minimum Energy Performance Certificate (EPC) rating of C by 2030. However, a recent survey by The Mortgage Works reveals that 62% of landlords are unaware that an EPC is a legal requirement, and only 33% correctly identified the 2030 deadline for compliance.
This lack of awareness is concerning, especially considering that 73% of landlords do not know when these regulations are due to come into effect. Without timely action, landlords risk non-compliance, which could lead to penalties or being unable to let their properties.
We know there is a lot of money involved in managing rental property
Financial implications are a significant factor. Approximately 63% of landlords are unsure about the investment required to achieve an EPC-C rating. Among those who have estimated costs, 21% expect to spend up to £6,632 on average, depending on their property’s current energy rating and value.
These costs are prompting some landlords to consider selling their properties instead of upgrading them. The survey indicates that 28% of landlords with EPC-D properties plan to sell rather than invest in energy efficiency improvements.
Tenant impact is another concern. Around 37% of landlords anticipate raising rents to cover upgrade costs, either before or during renovation work. Additionally, 17% of landlords may need to evict tenants to carry out improvements, particularly if the work renders properties temporarily uninhabitable.
We help you manage regulations on your rental property
To address these challenges, landlords are calling for greater clarity and support. Over half of the survey respondents (55%) expressed a need for assistance in identifying cost-effective improvements, while 53% sought help in understanding the new energy efficiency requirements. Furthermore, 50% indicated they would benefit from information on available grants or financing options.
At ADM Residential, we understand the complexities landlords face in navigating these changes. We recommend the following steps to better manage regulations:
- Assess Your Property’s Current EPC Rating: Determine your property’s current energy efficiency status to understand the scope of required improvements.
- Plan and Budget for Upgrades: Identify necessary improvements and estimate associated costs. Consider seeking professional advice to ensure cost-effective solutions.
- Explore Financial Assistance: Research available grants, loans, or incentives that can help offset upgrade costs.
- Communicate with Tenants: Inform tenants about planned improvements and potential disruptions. Consider offering temporary rent reductions during renovation periods.
- Stay Informed on Regulations: Keep abreast of legislative changes to ensure compliance and avoid potential penalties.
By proactively addressing these energy efficiency requirements, landlords can not only ensure compliance but also enhance property value and tenant satisfaction. Should you need further guidance or assistance, ADM Residential is here to help you navigate these changes effectively.
Contact ADM Residential to let your Huddersfield home in 2025
Anyone who is keen to let their home in Huddersfield should contact ADM Residential today. We are more than happy to provide you with a property valuation, which is the ideal starting point for anyone looking to enter the Huddersfield lettings market with confidence.
This is a busy time of year in the local and national housing market, but we look forward to assisting you. Call on your leading Huddersfield estate agents today for help and guidance in the local market.
