How can landlords make their properties more energy efficient?
Rising energy prices are at the forefront of a cost-of-living squeeze that will be felt by many in the UK. If you’re a tenant, the rising price cap on energy is out of your control but saving money through energy efficiency is within it.
For landlords, increased energy efficiency will ensure your buy-to-let investments stay within an Energy Performance Certificate (EPC) E rating – the minimum requirement to avoid a £5,000 fine. Lower energy bills also mean happier tenants, which will encourage longer-term occupancy and attract renters in the first place.
With this in mind, we’ve compiled a comprehensive guide on the measures you can take to improve your EPC rating and make your property more energy efficient.
How to make your property more energy efficient
Improve insulation
About a third of all the heat lost, in an uninsulated home, escapes through the walls. If you want to reduce your carbon emissions and keep your tenant’s energy bills low, installing insulation in walls and floors, will make a big impact.
Install draught proofing
This is an incredibly easy way to save energy. You just need to identify and block any gaps that might let cold air in or warm air out. These include gaps between windows/doors and the frames, letterboxes, keyholes, chimneys, loft hatches, and floorboards. Solutions include self-adhesive strips for gaps between windows and doors, brushes for letterboxes or the bottom of front doors, and draught excluders or caps for chimney pots.
Upgrade to an energy-efficient heating system
Is the boiler in your property due an upgrade? Consider going for a more energy-efficient option when the time comes. Electric and biomass boilers all represent better eco-friendly alternatives to traditional gas boilers, while even condenser boilers that use gas or oil generate a lower carbon footprint.
Go double or triple glazed
If you still have single glazing, you should upgrade to double or triple glazing. It helps to minimise energy loss and can reduce condensation and make the property quieter – especially valuable if it’s on a busy road.
A cheaper alternative is secondary glazing, which is quicker and cleaner to install. It’s particularly useful for listed buildings or in conservation areas when you want to keep the external look of your windows unchanged.
Harness the sun
Even though we don’t always get the amount of sunshine we’d like in the UK, we do get enough to generate free hot water via a solar water heating system. Typically, the heat is provided by solar panels fitted to roofs and the system can also be linked to existing boilers or immersion heaters, so that if there are any problems, the conventional heating system can step in.
Get a smart meter
A smart meter is the next generation of a gas and electricity meter. Instead of estimated billing, a smart meter automatically sends your readings to your energy supplier at least once a month (daily or half-hourly sends are optional) and lets tenants see how much they are spending on their energy usage.
Switch to LED lighting
LED lights are typically more expensive to buy (around £5, compared to £1-£2 for incandescent or halogen bulbs) however the cost savings are far greater in the long run. There is a helpful table by Electrical Counter that compares purchase prices, running prices per year, and the lifespan of each type of bulb.
Cut your water usage
In a report by the Energy Saving Trust, showers are the biggest water user in the house (25%), followed by toilets (22%). Over 740 billion litres of water are flushed down our toilets annually in the UK, meanwhile heating water is the second-largest source of energy use in the home. Reducing water usage can make a big difference to your property’s energy efficiency. Dual flush cisterns, low flow showerheads and appliances like dishwashers or washing machines with an A+++ energy rating are all ways you can save water and money.
Small energy-saving extras that make a big difference
Saving energy doesn’t just involve home improvements or upgrades, there are smaller habits that you could share with your tenants to incorporate in their ‘every day’, to improve energy efficiency and save money on their bills. These include…
- Keep radiators clear so that heat can circulate properly
- Turn off radiators in rooms that aren’t being used
- Unplug laptops, chargers etc when they’re not being used
- Ensure dishwashers and washing machines are at full capacity when they are used
- Use the eco settings on appliances wherever
In addition to saving money and reducing your carbon footprint, your energy-saving endeavours could also be rewarded by funds and grants. To discover more about these schemes and improving the energy efficiency of your rental property, you can download a full eBook from LRG here.
Author: Michael Cook, Managing Director of National Lettings at Leaders.
Bio: With over 15 years in the property industry, Michael is responsible for both building and managing the Leaders’ Lettings portfolio across the national network of branches.
©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – How can landlords make their properties more energy efficient? | LandlordZONE.
View Full Article: How can landlords make their properties more energy efficient?
Post comment
Categories
- Landlords (19)
- Real Estate (9)
- Renewables & Green Issues (1)
- Rental Property Investment (1)
- Tenants (21)
- Uncategorized (11,861)
Archives
- November 2024 (52)
- October 2024 (82)
- September 2024 (69)
- August 2024 (55)
- July 2024 (64)
- June 2024 (54)
- May 2024 (73)
- April 2024 (59)
- March 2024 (49)
- February 2024 (57)
- January 2024 (58)
- December 2023 (56)
- November 2023 (59)
- October 2023 (67)
- September 2023 (136)
- August 2023 (131)
- July 2023 (129)
- June 2023 (128)
- May 2023 (140)
- April 2023 (121)
- March 2023 (168)
- February 2023 (155)
- January 2023 (152)
- December 2022 (136)
- November 2022 (158)
- October 2022 (146)
- September 2022 (148)
- August 2022 (169)
- July 2022 (124)
- June 2022 (124)
- May 2022 (130)
- April 2022 (116)
- March 2022 (155)
- February 2022 (124)
- January 2022 (120)
- December 2021 (117)
- November 2021 (139)
- October 2021 (130)
- September 2021 (138)
- August 2021 (110)
- July 2021 (110)
- June 2021 (60)
- May 2021 (127)
- April 2021 (122)
- March 2021 (156)
- February 2021 (154)
- January 2021 (133)
- December 2020 (126)
- November 2020 (159)
- October 2020 (169)
- September 2020 (181)
- August 2020 (147)
- July 2020 (172)
- June 2020 (158)
- May 2020 (177)
- April 2020 (188)
- March 2020 (234)
- February 2020 (212)
- January 2020 (164)
- December 2019 (107)
- November 2019 (131)
- October 2019 (145)
- September 2019 (123)
- August 2019 (112)
- July 2019 (93)
- June 2019 (82)
- May 2019 (94)
- April 2019 (88)
- March 2019 (78)
- February 2019 (77)
- January 2019 (71)
- December 2018 (37)
- November 2018 (85)
- October 2018 (108)
- September 2018 (110)
- August 2018 (135)
- July 2018 (140)
- June 2018 (118)
- May 2018 (113)
- April 2018 (64)
- March 2018 (96)
- February 2018 (82)
- January 2018 (92)
- December 2017 (62)
- November 2017 (100)
- October 2017 (105)
- September 2017 (97)
- August 2017 (101)
- July 2017 (104)
- June 2017 (155)
- May 2017 (135)
- April 2017 (113)
- March 2017 (138)
- February 2017 (150)
- January 2017 (127)
- December 2016 (90)
- November 2016 (135)
- October 2016 (149)
- September 2016 (135)
- August 2016 (48)
- July 2016 (52)
- June 2016 (54)
- May 2016 (52)
- April 2016 (24)
- October 2014 (8)
- April 2012 (2)
- December 2011 (2)
- November 2011 (10)
- October 2011 (9)
- September 2011 (9)
- August 2011 (3)
Calendar
Recent Posts
- Why Do You Really Want to Invest in Property?
- Demand for accessible rental homes surges – LRG
- The landlord exodus is fuelling a rental crisis
- Landlords enjoy booming yields – Paragon
- Landlords: Get Your Properties Sold Fast and Cash in the Bank before the New Year!