Category Archives: Real Estate Service

EPC Belfast: “What Do The Energy Performance Certificates Show And Do You Really Need Them”

The Energy Performance Certificate used to be a 7-page pdf document containing the energy efficiency report of your building. However, as of September 2020, the EPC is a web page that is publicly available. It shows again the Energy Rating of a property from a scale of 0 to 100 and a list of potential improvements. The Energy Performance Certificates are produced by qualified Energy Assessors.

To find an DEA in Belfast search online for “energy efficiency tests Belfast

Who’s responsibility is the EPC?

According to the UK government website, it is either your or your estate agent’s responsibility to get an EPC before selling or renting the property. You can get a copy of this certificate from the accredited energy assessors. Moreover, they’ll lodge the EPC onto the Northern Ireland EPC Register, so you can get a copy of it whenever you want using your address or the 20 digit code present on the certificate. This certificate shows your property’s energy performance, how much energy it’ll cost, and how you can improve it. This certificate shows a rating from A-G, where A means very efficient, and G is meant for being in-efficient.

Even if it is a sale by owner, the EPC is still required.

Who enforces the requirement for EPCs?

Energy Performance Certificates became a legal requirement in Northern Ireland in 2008. District Councils enforce the requirement for EPCs. They can ask for it up to 6 months from the time you should have displayed one. More often, you have to provide them with a copy of the EPC within seven days after they’ve requested one. And if your property owner or the builder doesn’t provide you with an EPC, you must contact enforcement authorities (District Council) to help you in that regard.

If you fail to provide an EPC, there are various penalties that you can face. The penalty charge depends upon the complexity of the issue, and it varies from a minimum of 500 pounds to a maximum of 5,000 pounds. To avoid the penalty charges or any kind of delay in your building’s sale or rent, you must provide the district council or the enforcement authority with an EPC. 

How do I get an EPC?

It is your builder’s responsibility to provide you with an EPC for your newly built building. You can also get an EPC yourself or with the help of your estate agent. It is your legal responsibility to get an EPC for your property. So, if you are selling or renting your property through an estate agent, they’ll get you an EPC for the property.  

Either way, you can commission it through an accredited energy assessor. In that case, you have to make sure that the energy assessor is accredited by Northern Ireland Energy Performance Certificate Register. To get a price for an EPC visit check EPC Belfast.

These energy assessors can be self-employed, or they can be employees of relevant energy companies. An energy assessor will produce an EPC along with the recommendation report based on the design and other information regarding your property. This necessary information includes:

  • How and when your property was built
  • The type of property
  • Number of floors
  • Amount of the area underuse
  • Dimensions
  • Fuel and heating systems

After that, they enter this information into the government-approved software program to produce an EPC along with the recommendation report.  This Energy Performance Certificate is then stored in the Northern Ireland Register, and you get a copy of it.

Eco-friendly Home

Eco-friendly homes use materials from renewable sources such as plantations and recycling sources that provide friendly homes that are well designed and sustainable with very little impact on the environment. With technological advances, all time increases in things like building materials, processes and designs will only increase.

Long gone are the days when an environmentally friendly home was covered in contraptions and surrounded by acres of woodland and gardens. Today’s environmentally friendly homes are well constructed and designed, literal works of art.

Besides well designed and sustainable environmentally friendly homes, homes are becoming more functional with many opting to adopt clean and green energy generating initiatives such as wind and solar panels.

With advances in technology for both solar and wind it is now easy to assimilate this technology into your architecturally designed home.

Wind turbines can not only be small and stylish but can also be extremely functional at producing more then enough energy to run major appliances.

Solar Power has been used for a while now but even they have been affected by progress.

Today you can have solar panels that are more technologically advanced then ever before. Some Solar panels even work on cloudy days and adverse weather when we would naturally think they wouldn’t.

Whats even better is that now, that very same technology, that has revolutionized the energy generating industry but is now more accessible.

No longer is this technology reserved only for the more affluent sector of society but is now available to the masses. For very little cost you can not only access this information but you can also access the very materials needed to build your own high quality efficient solar panels. With a little craftsmanship you will have modern clean energy generating panels that you constructed, easily and for a fraction of the retail cost.

With the Solar Guide, you will learn how to find suitable materials, calculate your energy needs, and produce high-quality energy-efficient solar panels. With only a limited time series of videos you will not only be notified of materials, schemes and safety precautions needed to successfully make & install your own solar panels but also be educated about the benefits of using this available renewable energy source, solar power.

Investing in Real Estate for Sale

Investing in real estate for sale is a matter of time so that you succeed in the future. It is always advisable to invest when the property market has a favorable price. This will allow you to enjoy lost interest and also use less capital when buying property. Another perfect time to buy property is when property owners sell their property at a cheaper price.

Buying property as an investment is one of the best decisions that you will make in life. One of the benefits of purchasing properties for sale is the fact that the property will appreciate in value with time. Capital growth is one of the reasons why financial consultants advise their clients to invest in property. This growth is sure and steady. For people who like safe investments, property is one of these investments as no matter the location of the property, you will indeed make a profit when you decide to sell it. There are cases where you can decide to rent out the property. This will give you immediate returns on your investment. Here are other benefits of investing in real estate:

  • Insurance: Insurance is a great way to mitigate risks that comes with investing in real estate. Indeed insurance companies are always willing to offer property insurance to investors. You can insure this property for sale against risks such as fire, theft or damage. In the event of a misfortune, the insurance company will assist you in recovering from the loss. There are different policies that are available for clients. This allows them to choose a policy based on their budget and needs.
  • Property for sale allows the investor to be in full control of the property. This means that all the decisions regarding your investments are solely yours. You are also the decision maker when it comes to how to reinvest the returns that you receive from your property.
  • The best option of investment for beginners: The best thing about purchasing properties as an investment is that it is open to anyone. You do not need a vast amount of knowledge or a lot of money to invest in property as in the stock market or operating a business. Property development companies selling the property will often require a down payment. The rest of the payments can be made in installments. This means that with proper planning, anyone has the ability to invest in this venture.

Pre-Sale Condominium or House and Lot

Finding and buying a home forever can be one of the most stressful decisions in your life. You may have been working on your short-term lodging goals such as an apartment or transient but will eventually turn to determine what house you want to stay forever or long term. There are two types: Condo units or Houses and many. And in addition to these options are financial and time requirements. To help you narrow down your decision, let this comparison guide you.

Condominium – If you would like to live in the bustle of the city life, perhaps a condominium is what you are looking for. Though, there are good things that condo units provide like amenities or an opportunity to have it leased or rented, there are, more or less, numerable disadvantages that could pop-up in the future. Most developers sell units during the planning stage of the condominium, which means a unit is more likely to be affordable, depending on its location. While that could be tickling to the ear, don’t jump in just yet.

Benefits – According to the Global Property Guide, with the Philippine mortgage market relatively underdeveloped, “most of the houses are sold for cash or pre-sold”. In the condo market, it’s a choice between ready-for-occupancy (RFO) units and pre-selling ones.

Many buyers go for the pre-selling option, due largely to its much lower introductory price, which can be 30% cheaper than a finished unit. On top of that, developers throw in a 10%-15% discount or offer flexible payment schemes where the down payment can be as low as 10% payable for 3 years, with the lump sum to be paid either through a bank financing, government sponsored home loan (Pag-IBIG), or the developer’s in-house financing options.

If you are a real estate investor, pre-selling condos are a promising investment since their market value can increase by the time they are finished. Given favorable market conditions, you can resell the finished units for twice the price you put down when they were in the pre-selling stage.

Risks – A pre-sale condo unit is full of terms like “more or less” and “subject to change without prior notice”. If you do not check the construction progress every now and then, the terms you might have agreed on might not apply anymore when the building is already standing. The primary risk with a pre-selling condominium is that the finished unit may not be what you have in mind. Materials can change. There can also be changes made in unit sizes, floor plan, finishing, features, or amenities about which you may not be notified. You can end up paying for a unit that falls below your expectations thus nulling the “promising investment” claim.

Another risk is the delay in completion and turnover if the developer may not deliver on time. Pre-sale contracts have delay clauses that allow the developer to be late for up to a year or more. The painful risk, however, is that you may not get a refund for your deposit in case the pre-selling project does not push through or the developer goes bankrupt.

OFWs that plan to buy pre-selling condos from abroad run the biggest risk. Many have lost their deposits and payments through corrupt representatives or agents who take advantage of their absence and use the complicated paperwork to collect “fees” from them.

House and Lot – If commuting or travelling is not a problem for you, then perhaps buying a house and lot a few kilometers away from the city is the best deal for you.

Buying a house and lot can be a meaningful investment, because this would house your future and your legacy. The design, the features and the overall appearance of your house is absolutely up to you. You just need a trusted real estate agent or company to guide you through the legalities and meet up at a “win-win” or good deal.

Benefits – Looking for a reputable real estate company simplifies the process of buying land yourself and choosing a suitable design. They device house plans that is intended to suit the block with appropriate sun orientation and driveway placement.

Most home buyers will enter into a land contract with a land developer and a building contract with a builder. There are two ways a home builder can simplify this process for you. The builder can wait for you to settle on the land, then conduct soil tests and feature survey, so they determine site costs and finalise the contract. Alternatively, the builder can fix the site costs to produce the building contract around the same time the land contract is ready. This method is not always applicable for all new home builds, but it is more efficient as the lender can obtain finance for both house and land at the same time.

You can save thousands and thousands of pesos. Reputable financial organizations or lenders should be able to waive some of the associated fees for both of the described situations above. You only have to pay stamp duty on the land’s value as the house has yet to be built, and you can also claim various depreciable assets including the cost of the building, the cost of the fixtures and the construction itself.

Risks – One risk you could be facing is paying for someone else’s profit. When you buy any brand new property, factored into the price is the developer’s profit margin and a proportion of the high marketing costs that come with selling this type of property. These hidden ‘costs’ could be the equivalent of a few years of capital growth, putting you behind the eight ball from day one.

Another risk is compromised location. The majority of home and land packages are located on the outskirts of the city, in areas often with abundant supply of land, weaker economic drivers and a lack of infrastructure. Capital growth is therefore often harder to come by. You could be battling uncertainty. When buying off the plan, you really don’t know whether the quality of the finishes will meet your expectations, or what the surrounding facilities and other homes will be like. There is also the uncertainty that the final bank valuation won’t stack up.

Logic dictates that when investing you should seek out a property with a high proportion of land value, as this is what will drive capital growth. With new property, however, most of the value lies in the building component and not the land, which will hamper capital growth as the building depreciates. A 30 year old property on a good size block in the middle of a suburb might not look too glamorous when compared to a brand new property, but chances are it will make a far better investment over the long term.

When building an investment property, you don’t receive any income while it is in the planning stages or under construction. But you will be paying interest on any money you have borrowed by that point. Building can sometimes be stressful, with construction delays a fairly common occurrence. The biggest surprise for many first-time builders is the amount of extra money that needs to be spent to get the property ready.

Tips To Consider In Investing For A Property

It doesn’t matter whether it’s the buyer’s market or the seller’s market; there is one thing that is common among all home buyers and that is – they don’t want to be cheated. And while the thoughts of white fences and granite tables may dance in your mind, carried away by dreams and left holding serious bills will be very problematic. Getting your first home will be one of the biggest purchases you will ever make, so instead of making an impulsive purchase, make sure you do your research and get yourself supported by several quality advisors.

Now, if you are wondering how someone who will buy property for the first time can get a fair deal at home that they are preparing to bid on, here are some important tips that you need to consider.

• First things first, attend a first-time home buyer seminar. Every effort needs to be learned before you actually leave. The same applies to purchases at home. Making the wrong decision on your first home can come back to haunt you, so it’s important to take a little time to learn from professionals and head straight to the class leader with your investment knowledge. Here, you can decide whether you should buy a house and land package or a lot.

• Take your time. Houses are constantly in and out of the market. You might not be able to find your dream home, however, you don’t need to be satisfied with anything less just because you feel under the weapon to buy something. For now, you can consider renting so you can give yourself time to find the right home.

• Understand your budget. Having high expectations on the type of home you want to get can make you disappointed if you do not know what you can afford. So you need to sit down and look seriously at your average monthly budget, paying close attention to where you spend your money – from restaurant bills to your dry-cleaning bills. And when you have finished checking your monthly bills, you will then find out what is left to spend on monthly mortgages and home fees. And if the amount doesn’t match what you want, then you have to start working hard and change the way you spend to make sure you can pay the bills because this is one of the most important factors in buying your first item. House.

Rent To Own House and Lot

It’s a waste of time and money paying a monthly rental fee for a home that can’t be yours. And even buying a new home can be your struggle. Resolution for these difficulties is the pursuit of rent to own a house and lots. Through this resolution, the money you take from your pocket goes somewhere. Even if you pay monthly rent, you can be sure that it’s worth spending.

Renting a house and lot that will be yours eventually has lots of benefits. To learn about the advantages of pursuing a rent to own property, please read on.

Paid Thru Pag-IBIG. If you are on a tight budget, paying your monthly rental through Pag-IBIG Housing Loan program is one thing you should consider. Same as buying a new property, pursuing a rent to own home can also be paid through Pag-IBIG Funds. This will make your payments light and easy on the pocket.

Less to No Down Payment. Most of the rent to own homes owners are offering affordable to no down payment. If this is the case, the only payment you will give is for the rent of the house. This also means that you still have the time to tryout the transportation, market, malls, office location, schools accessibility, and most especially the house itself, if you will get the feel of it.

Affordable Monthly Rental Fee. Most of rent to own properties are offered in an affordable monthly rental charges, just like renting an apartment. The only difference is that you will soon acquire the house you are renting monthly, unlike with an apartment

Ready for Occupancy. Unlike the houses that are sold by property developers, rent to own house and lot are usually ready for occupation. This is ideal especially for those who are in a rush to move from one house to another, for certain reasons. There are also houses such as this that are fully furnished so you will not worry about your furniture anymore.

Located in Cities. One of the best advantages of rent to own homes is that they are commonly located in cities. You can choose a house located in the city where your work place is near or near your children’s’ school, if you have kids. This will also give you more savings on your transportation expenses.

Rent to own house and lot is truly ideal for you, if you are on a tight budget and in a hurry to have a house near your workplace or your children’s school. Pursuing a house and lot this way will also result to great savings.