3 years ago | 9 comments
Hello, As we all know the government is stipulating a minimum EPC ‘C’ for new tenancies signed in 2025, and for all rented homes by 2028. I run licenced HMOs with individual room lets on ASTs.
Legally, do I need to reach ‘C’ in 2025 on the first new room let tenancy, even though the other 4 tenants would be on pre-2025 contracts?
My business model is “all bills included in rent”, I’ve done all the low-hanging fruit on energy savings and to reach ‘C’ in one Victorian house with solid walls, I would probably need to have a rota on empty rooms to install wall insulation between tenants.
As I’m approaching retirement, I wonder if the payback period on all of this will stretch into my next lifetime!
Thank you,
John
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Member Since January 2015 - Comments: 1454 - Articles: 1
1:40 PM, 4th February 2023, About 3 years ago
Is it going to be worth being a Landlord or even a homeowner?