Since 2019, the UK government has been thinking of different methods to tackle climate change and passing laws to reduce its contribution to global warming by 2050. Whilst going green may require investment, there are cost-efficient ways property owners and agents can utilise to go green.
1. Offer a green energy supplier to tenants
Property owners could attract tenants to their property by offering them a green energy supplier. You can also offer a utility switching service to change to a green provider which will make their move to a green energy supplier easier and hassle-free.
2. Upgrade and renovate
Property owners should invest in energy efficiency updates. It is already a requirement for property owners to upgrade an Energy Performance Certificate (EPC) rating of F or G to at least an E rating. If property owners fail to meet the criteria, they will have to spend up to a maximum of £3,500 towards upgrading and renovating. This may include spending more on insulation, upgrading the boiler, installing low-energy lighting and many more.
The required EPC rating is also likely to be an EPC band C on new tenancies by 2025, which means property owners would require a maximum investment of £10,000.
3. Go digital as an agency
Your agency can reduce its paper usage, use digital methods, and create new ways to work more efficiently. Your agency can use e-signing, online payments, virtual tours, video conferencing and webinars. This will reduce the number of physical documents you require and make your worker greener and more efficient by also saving time and reducing your carbon footprint.
T +44 (0)203 488 1488