An Energy Performance Certificate (EPC) is a legal requirement in the UK for anyone selling or letting a residential property. A floorplan is NOT a legal requirement, however when selling a property, it is a vital marketing tool and most Estate Agents would highly recommend having a floorplan.
What an EPC tells you
- An energy efficiency rating: This is a score from A (most efficient) to G (least efficient), similar to the rating on a new home appliance, indicating how costly it will be to heat and light the property. They last for 10 years and MUST be renewed during a tenancy.
- Estimated energy costs: The certificate shows potential annual energy costs for lighting, heating, and hot water.
- Potential for improvement: It provides recommendations for making the property more energy-efficient, along with an idea of the potential energy and cost savings from these measures and their payback period.
Why an EPC is needed
- Information for buyers and tenants: EPCs provide essential data for potential buyers or tenants to consider the energy performance of the building and its running costs.
- Legal requirement: You are legally required to have an EPC for a property when you are selling or renting it out. Your property MUST have a minimum rating of E or higher to rent out.