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How energy efficient is your Milton Keynes home?

AG Estate Agents • Nov 28, 2022

The increase in the cost of living, with energy bills in particular, taking a much larger chunk of our salaries each month are having an effect on the property market. For example, 78% of buyers now check the EPC of a property and 53% look for green credentials.


We’ve also seen a similar change in buyer and tenant behaviour. Five years ago, not many people even knew what an EPC was, but now it can be the first thing people look at. Furthermore, we have also seen an increase of questions around the energy efficiency of the property and if there’s any improvements they could potentially do. 


This may also indicate why two thirds of those contemplating a new home purchase, said they are attracted by the energy efficiency and lower running costs of new builds.


Does it make sense that we should all now be looking at the energy efficiency of our homes? There are lots of great new energy efficient properties in Milton Keynes and some great ‘older’ ones too.


My suggestion is that if your “older” home has a good EPC rating then let’s highlight that fact! Make a point of showing off your EPC, ensure the EPC is visible on photos, videos, all marketing materials! Ensure your agent tells the potential buyer of any improvements made such as new windows, new boiler etc.


On the other hand, if your home isn’t as energy efficient, we suggest looking at the recommendations on your current EPC Report, or even better, carry out a fresh EPC assessment and have a discussion with the assessor. You would of course need to factor in costs for improvements and what the likely upside in sale price would be.


The housing market is changing. But by knowing what your buyers are looking for you’re better positioned to make sure your home fits their requirements!


There are still many people that don’t want to buy a new home, they’re often smaller and don’t always offer much outside space. They just want lower running costs.


My name is Keval Gudka, if you would like to chat about your property please get in touch. You can reach me on 0208 614 0740 or email me at keval@agestateagents.co.uk.


Source:

Property Academy Home Moving Trends Survey June 2022 (10,000+ responses) 

By Keval Gudka 25 May, 2023
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By Keval Gudka 24 May, 2023
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