Press Release: EPC's branded a waste of time
Mon 06 Oct 2008
Nine out of ten of tenants arent interested in the energy performance certificate content, according to estate agent Marsh & Parsons. 91% of renters rated EPCs lowest on their list of renting criteria. Cost, location, property condition and size were all deemed more important than a propertys energy rating.
The introduction of EPCs on all rental properties on the 1st of October has been branded a waste of time by prospective tenants and the agent alike.
Emilie Dawes, lettings director at Marsh & Parsons said: People choose a rental property based on rent, location and wow factor. An EPC wont persuade a renter not to choose a place they love it doesnt carry that much weight.
When asked to consider a propertys eco-efficiency, renters said their top priority would be double-glazing.
Emilie Dawes continued: You dont need an EPC to see whether a house has double glazing or not. The landlords we work with see little value in providing EPCs to their tenants the information they contain is of limited use for marketing a property. Similarly, the tenants we spoke to thought the content irrelevant.
While the information contained in the EPC is potentially of use for landlords wishing to improve their properties environmentally, the value for renters is limited - particularly in light of the certificates length of validity. Certificates on homes for sale are valid for one year, while EPCs on rented properties last for ten. Tenants do not recognise the value of an up-to-date EPC a certificate eight years out of date is arbitrary.
For further information please contact:
The Wriglesworth Consultancy
James Staunton / Sarah Davidson
0207 427 1400
Marsh & Parsons has been part of the London property scene since 1856. The sales and lettings agent has 14 offices situated in prime positions across central, west and south London. They have an intimate and extensive knowledge of the area.
Marsh & Parsons are an independent and professional firm with a 'can-do' attitude covering all aspects of residential property. They aim to establish individual relationships with clients through a business built on energy, agility, professionalism and knowledge. Their business aim is to be the agent who not only understands the local area around their offices better than any other agent, but also to be at the heart of the community.