Retrofit Standard

Retrofitting has become an increasingly popular choice for both residential and commercial developers and buyers. In this rapidly growing sector, there have been some significant recent developments that any future buyer or developer should be aware of. This article will look at some of the recent updates in this area and discuss how this will affect all those who work in the construction sector and how we at Forbes can help.

Background

On March 19th, the Royal Institute of Chartered Surveyors (RICS) introduced a new Residential Retrofit Standard which is to take effect from the 31st of October 2024. This standard addresses the growing demand for high-quality residential retrofitting. The RICS Residential Retrofit Standard serves as a professional framework, outlining both mandatory and recommended requirements for RICS members engaged in residential retrofit projects, complementing the existing PAS 2035 standard. The new standard will establish a baseline for providing advice on energy-efficient homes.

Retrofitting services are defined as including among other things; measures that enhance efficiency, safeguard the building and its structure, reduce carbon emissions, and promote the well-being of its occupants.

A key takeaway from the new standard is that retrofits must align with the client’s needs and the property’s characteristics. Surveyors are expected to exercise their judgment, drawing from their own knowledge, and the client’s needs, furthermore those involved in retrofit projects should also prioritise methods that address climate-related issues, such as water penetration, moisture accumulation, and poor ventilation and remain vigilant for any defects or concealed property elements that could impact the retrofitting process.

This new update in RICS standard has been combined with news from Westminster City Council, they have taken a bold step by adopting a ‘retrofit first’ policy. Under this policy, developers must explore retrofitting options before demolishing buildings. In doing so, the council aims to accelerate the upgrade of historic and commercial buildings to modern standards, reduce carbon emissions, and contribute to the city’s net-zero target. This approach marks an important change in the UK construction industry, emphasising sustainability and responsible development. Notably, the City of London Council is also considering a similar retrofit-first approach expected to be implemented in 2025.

What does this mean for those in the construction industry?

It is not just policy makers that want these changes, the demand for retrofitting is indicative of a general housing trend which values energy efficiency. A RICS study found that 43% of buyers value energy-efficient houses and are willing to pay a premium for them. Therefore, a commercial understanding of new trends and desires is central for anyone involved in the construction industry, skills will need to be developed to be able to meet these adapting demands. It is also vital that professionals familiarise themselves with the new RICS standard and adapt their appointments accordingly. Here at Forbes, alongside assisting with documentation updates and reviews, we will be able to keep everyone up to date on the latest qualifications and training needed.

The need to adapt and evolve to these new client wants, and legal requirements will be vital. The area is rapidly evolving and without a proper understanding of the current position, it will be easy to be left behind. Construction professionals need to be able to work with and deal with this new more climate conscious base and be up to date with the latest guidelines and training to be able to provide the level of service required.  

In conclusion, the construction industry is experiencing significant changes highlighted by the new RICS standard and the Westminster council’s retrofit first policy. Professionals who fail to understand these changes risk falling behind. Seeking guidance on these complex issues is essential for success. Forbes’ commercial team, with extensive experience in navigating construction guidelines and advising on customer trends, can provide personalised advice and assess the compliance of your documentation.