There’s no denying it; a property transaction is one of life’s most stressful experiences. A study by Which? Mortgage Advisers back in 2016 found that selling a house is second in the stress list, behind only getting divorced and ahead of events like having a child, getting married and even arranging care for a relative.
One of the reasons many people find selling a home such a difficult experience is the sheer number of administrative tasks and costs involved with a sale, such as arranging an EPC and preparing a property for sale.
EPC stands for energy performance certificate. As the name suggests, it breaks down just how energy efficient the property is. The idea is that the EPC will allow buyers to make a more informed decision when considering a purchase.
Properties are given a grade based on their energy efficiency. The most efficient homes are given an A, ranging down to a G for the least efficient properties.
It’s worth noting that from April 2018, landlords need to ensure their rental properties have a rating of at least an E before they can take on a new tenant or renew a contract. This rule will apply to all existing tenancies from 2020.
A typical EPC will include the following:
Vendors are required by law to arrange an EPC for potential buyers before the property can go on the market.
If you’re selling a property in Scotland, you actually have to display the EPC somewhere in the property, such as next to the boiler.
EPCs are produced by ‘domestic energy assessors’.
If you are selling through an estate agent, then they will usually offer to arrange an EPC for your property. Agents generally have relationships with firms offering these services.
However, you can arrange an EPC yourself. You can find an assessor on the EPC Register, which is run on behalf of the government.
The cost of an EPC can vary; it can cost as little as £40 or as much as £120 plus VAT.
Factors like the location and size of the property will play a part in determining the price, while it’s worth bearing in mind that it’s usually going to be more expensive if you arrange it through an estate agent rather than directly.
On the plus side, an EPC is valid for ten years, so it’s not like you’ll need to get a new one if your property has recently been on the market.
The service I received from Open Property Group was very helpful and considerate of my personal circumstances. A thank you to Jason for arranging a cash advance prior to exchanging contracts, and a lump sum when we exchanged. This was a really big help. Your company is simply the best.
Miss M, Southampton
Efficient, friendly and fair. From sold to exchanged in less than 6 weeks using OPG. We couldn’t fault the service. A professional service that any seller should use. If we had more property we’d definitely use them again!
Mr and Mrs M
The open property group recently purchased a property through my agency and found them to be excellent buyers that were able to exchange contracts within one week at the agreed price. I would highly recommend this company.
Excellent customer service, amazing communication, honest and genuine company who made the process extremely easy and gave any excellent price.
We buy property directly and you won't pay any agent's fees.