Efficient heating systems 'boost property value'
An energy efficient central heating system can add value to a home and, for landlords, could boost the appeal of their buy-to-let properties in the rental market.
Justin Hustwit, UK country manager at MyHammer, a website for finding tradesmen and service providers, said recently that improving heating in an older property can be a hugely successful way of increasing its value.
Other energy efficiency improvements could have a similar impact. For example, replacing draughty windows with double glazing and installing loft or cavity wall insulation.
"These are all ways that people are not only adding value to their property, but while they are still living there they end up saving money on their heating bills," Mr Hustwit remarked.
Since October 2008, landlords have been required to obtain an energy performance certificate for every rental property they market to new tenants.
The document must be made available free of charge to prospective tenants at the earliest opportunity and should contain information rating the property from A to G for energy efficiency.
Replacing old, inefficient central heating systems or boilers with new appliances could be one way to boost this rating and make the property more attractive to those seeking rented accommodation.
Boilers must also be serviced annually by a registered tradesman. By law, landlords must obtain a gas safety record for all gas appliances in their buy-to-let properties.
When obtaining landlord insurance, property owners may also wish to consider insurance for their boiler to cover for repairs and call-outs should appliances break down.
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