HMO Energy Saving Tips
In addition to fitting an TIME:O:STAT There are many ways landlords can improve the energy efficiency in their HMO properties. Below are some of the do's and don'ts for HMO landlords looking to save money across their portfolio. The following 10 tips are useful for HMO, serviced accommodation and in your own home.
Electric energy costs are typically 5 x more expensive than gas. Electric heating systems also have a negative impact on the EPC rating for your rental property. There are also safety and landlord insurance implications with electric storage heaters and Infrared panels.
Thermal Curtains & Blinds
Keep the heat in and the cold out. Thermal blinds or curtains can reduce heat loss through windows by 30%. They also reduce outside noise and light levels that can keep tenants awake at night. Thermal blinds are one of the most cost-effective ways of reducing HMO heating bills.
SMART Radiator Valves
Short battery life (typically 3 months) and 24hr room access notice creates a management nightmare. In a portfolio of 5 HMOs, you would typically be changing TRV batteries on 300 occasions per year. They can also easily be disabled by tenants. Simply unscrewing and removing them will open the valve. TIME:O:STAT is a better option, that can deliver 40% savings on heating bills, with no micromanagement.
Air Fryers & Microwaves
Air fryers and Microwaves can cost less than £50 per year to run compared to £700 for an oven and hob. Air Fryers use considerably less energy and cook food more rapidly. Supplying a good microwave and large air fryer will encourage your tenants to take the more energy efficient option.
Denying tenants the ability to turn on the heating can be a breach of health and safety regulations. Remotely turning off tenants heating can also be deemed harassment. With a TIME:O:STAT tenants can turn on the heating with the countdown boost and it will turn off automatically.
Boiling Water Taps
A boiling water tap is a strong selling point for potential tenants. It also costs around £120 less per year to run compared to a kettle. They can cost under £300 to buy, so can offer a good return on investment.
Battery Powered Sensors
Window, door, motion and humidity sensors often require batteries to operate. These need to be changed regularly creating an HMO management burden. Motion sensors can cut the heating when tenants require it most, when they are sitting and not moving. TIME:O:STAT has integrated open window detection that do not require additional external sensors.
These include double glazing, cavity wall insulation, roof insulation, insulated plasterboard and a new front door. Modern boilers, radiators, valves and power flushing can also improve heating system efficiency by over 30%.
Under Floor Heating
In HMO bedrooms there is a high concentration of furniture and tenant belongings on the floor. This makes underfloor heating inefficient and impractical. As energy is wasted heating beds, wardrobes, draws, desks and items on the floor.
TIME:O:STAT Room Thermostat
Landlords can save 40% on their HMO heating bills with a TIME:O:STAT. Designed by an HMO landlord, the award winning TIME:O:STAT is trusted by over 10,000 landlords and manufactured in the UK. Fit and forget installation and easy to operate controls.Shop Now
Anthony is speaking on how landlords can save energy in their HMOs. Join him and other landlords at the Southampton PIN meeting: Holiday Inn, Southampton Eastleigh, SO50 9PG on Tuesday 5th March. P...
I am speaking at the Luton PIN meeting at Venue 360, 20 Gipsy Lane, LU1 3JHon Tuesday 27th Feb. Please come along and use the code: Acherry for free admission: https://propertyinvestorsnetwork.co.u...
I am speaking at the Croydon PIN meeting at the Crown & Pepper on Wednesday 21st Feb. Please come along and use the code: Acherry for free admission: https://propertyinvestorsnetwork.co.uk/meet...