EPCs & Surveys
Energy Performance Certificates (EPCs): What is an EPC?
An Energy Performance Certificate (EPC) is a document that provides an overview of the energy efficiency of a property. It rates the property on a scale from A (most efficient) to G (least efficient) and includes recommendations on ways to improve the property’s energy efficiency.
Legal Requirements for Vendors
For vendors (sellers), it is a legal requirement in the UK to have a valid EPC when selling a property.
The EPC must be available to potential buyers as soon as you start to market your property for sale. It’s essential to ensure that your EPC is up-to-date, as it not only complies with the law but also gives potential buyers valuable information about the energy efficiency of your property.
Usefulness for Buyers
For buyers, an EPC is a crucial document that provides insights into the property’s energy costs. It helps in understanding how energy-efficient the property is, which can significantly influence running costs. The recommendations in the EPC can also guide buyers on how to improve the property’s energy efficiency, potentially leading to reduced energy bills and increased comfort.
Duration and Validity
An EPC is valid for 10 years from the date it is issued. During this period, it can be used multiple times for selling or renting out the property. However, if significant changes are made to the property that could affect its energy performance (like installing double glazing or a new boiler), it’s advisable to get a new EPC to reflect these improvements.
Benefits of Having a Good EPC Rating
Attractiveness to Buyers: Properties with higher EPC ratings (A or B) may be more attractive to buyers, as they indicate lower energy costs and higher efficiency.
Property Value: A better EPC rating can sometimes enhance the value of your property.
Environmental Impact: Improving your property’s energy efficiency contributes to reducing its carbon footprint, making a positive environmental impact.
EPCs are not just a legal requirement but a valuable tool for both vendors and buyers, providing essential information about a property’s energy efficiency, potential energy costs, and ways to improve energy usage, all of which can significantly influence the appeal and value of a property.
Need an EPC? We recommend:
Roots Surveyors: Roots | Surveying and EPC services in Teesside (rootssurveyors.co.uk)
Surveys
When purchasing a property in the UK, it’s crucial for buyers to understand the different types of property surveys available. Each type offers varying levels of detail and serves different purposes, helping buyers make informed decisions about their potential investment. Here are the main types of property surveys:
Mortgage Valuation Survey: Conducted on behalf of the mortgage lender to ensure the property is worth the amount being loaned. This is the most basic survey and doesn’t highlight defects or potential issues. This is a mandatory survey for mortgage approval but not a substitute for a full survey.
Condition Report (RICS Level 1 Survey): Provides an overview of the property’s condition and identifies any major issue. Includes traffic light ratings to highlight the state of various parts of the property. Ideal for new-builds or modern homes in good condition.
Home Buyer Report (RICS Level 2 Survey): More detailed than a Condition Report; identifies any structural problems like damp or subsidence. Includes advice on repairs and maintenance. Ideal for conventional properties in reasonable condition.
Building Survey (RICS Level 3 Survey): Provides a comprehensive analysis of the property’s condition. Includes a thorough inspection and detailed report on a wide range of issues. Recommended for older, larger, or non-standard properties, or those planning major works.
New-Build Snagging Survey: Identifies any issues or ‘snags’ in a new-build property, from minor cosmetic flaws to structural defects and focuses on identifying faults that need fixing. Essential for those buying a newly constructed property.
Full Structural Survey: Similar to a Building Survey, but with a focus on the structure’s integrity. A detailed examination of the stability and strength of the building. Advisable for older properties, those with visible structural issues, or if planning significant alterations.
Specialist Surveys: Assess specific issues like damp, timber decay, or electrical systems, and focused on a particular concern. Necessary if there are particular worries or if advised following a general survey.
Each type of survey provides different insights into the property’s condition, and the choice depends on factors like the age, type, and condition of the property, as well as the buyer’s individual needs and future plans.
It’s important for buyers to choose the right level of survey to ensure they are fully aware of any potential issues before finalising their property purchase.
Need a survey? We recommend:
Roots Surveyors: Roots | Surveying and EPC services in Teesside (rootssurveyors.co.uk)
Need conveyancing?
Find out what conveyancing means to buyers and sellers, and who we recommend to make your move go smoothly.
