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3 Strategies to go green in the lettings industry
Sep 20 2024

3 Strategies to go green in the lettings industry

As the UK strives to become a leader in clean energy, with the Labour government pushing for net-zero emissions by 2030, the private rental sector is also expected to contribute to this goal. Energy in housing accounts for 14% of total UK emissions, and rising energy costs—averaging £1,331 per household—highlight the importance of rental energy standards in achieving net-zero.

The ongoing cost of living crisis and high energy bills further emphasise the need to reduce energy consumption. Although going green may require initial investment, it presents significant opportunities for letting agents and landlords alike.

Here are three key strategies to promote sustainability in the private rental sector:

1. Promote Upgrading a Property’s EPC Rating

Since April 2020, all privately rented homes have needed an Energy Performance Certificate (EPC) rating of at least E. However, the Labour government has pledged that by 2030, all rental properties must meet a minimum EPC rating of C.

A 2023 BBC report revealed that 60% of private rental homes still fall short of current energy efficiency standards. Letting agents should encourage landlords to exceed minimum EPC requirements by making improvements like insulating lofts or upgrading boilers. Marketing energy-efficient properties offers a distinct advantage and could become a legal necessity by 2030.

By advising landlords on energy upgrades, agents can build stronger relationships and help landlords save on long-term maintenance costs. Enhanced insulation, for example, reduces dampness risks and future repairs, while avoiding last-minute rushes when higher EPC ratings become mandatory.

2. Adopt a Digital-First Approach

Letting agents can cut their reliance on paper and make daily operations more efficient by going digital. Paperwork is a major burden in property management, but digital solutions can streamline processes while improving compliance.

Using a tech platform to manage e-signatures, online payments, and digital documents can reduce admin time and boost productivity.

Agents should also consider adopting virtual tours and video conferencing to limit the need for in-person property visits, reducing car travel and their carbon footprint.

3. Implement Small Green Initiatives That Stand Out

Letting agencies should implement small green initiatives to set themselves apart. Not only will this benefit the environment, but it can also serve as a unique selling point to attract landlords and tenants. By showcasing your agency’s commitment to sustainability, you can appeal to environmentally conscious tenants and demonstrate to landlords that you understand market trends and have their interests at heart.

The information in this post is valid to the best of our knowledge on the date of posting. It is advised that you seek independent advice based on your individual circumstances.

T +44 (0)203 488 1488

E: info@ladybirdliving.co.uk

W: https://www.ladybirdliving.co.uk/

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