The 2030 EPC deadline for landlords raises the question of whether to improve properties or sell them.

By October 1st, 2030, private-sector rental homes must have an EPC rating of C or better, though some exemptions apply and landlords are not required to spend more than £10,000 on energy-efficiency improvements. The government estimates that improving properties to meet these requirements will cost, on average, £5,400 per property, though some buildings may cost significantly more.

The managing director of buying service LandlordBuyer, Jason Harris-Cohen, said:

“For some, investing in improvements will make complete financial sense. For others, particularly where substantial work is required, selling could become the more attractive option.”

Landlords are advised to have an EPC assessment for every property they own to know its EPC rating. This helps gauge the cost of improving the rating if it is currently below level C. These costs need to be weighed against the long-term returns the property generates.

Doing this analysis soon gives landlords room to decide if they need to upgrade or sell sections of their property portfolio before the deadline in 20230.

An EPC rating is valid for ten years. The cost of the EPC assessment is the responsibility of the landlord, not the tenant. Failure to provide an EPC rating of C or better by the 2030 deadline could result in a fine.

Harris-Cohen says that major changes, including the Renters Rights Act and EPC regulations, make it extremely important for landlords to plan their property portfolios.