Lowering energy costs this winter: essential tips for landlords
As a new season approaches, Mark Mcauley of NRLA partner Your Repair explains how landlords can prepare their homes for cooler weather, and how NRLA members can benefit from Your Repair's home emergency cover.
As winter approaches, landlords are bracing themselves for the inevitable increases in energy bills, and the impact it will have on their tenants. While most energy bills are paid directly by tenants, those rising costs could mean financial hardship and, consequently potential defaults for landlords.
To meet the changing legislation and help their tenants manage heating bills, landlords are having to adapt. According to Inside Housing, 35% of landlords who were planning to make energy saving and insulation improvements to their properties are looking to introduce those measures sooner to mitigate rising energy costs.
For many landlords, overhauling their properties might not be a viable option, so, here are five more affordable steps you can take to help your tenants save money on their bills.
Improve insulation to trap warmth and reduce heat loss
Proper insulation is vital. Insulating walls, ceilings, and floors can prevent heat from escaping and cold air from entering the property. Landlords can significantly lower their tenants' heating bills by investing in better insulation.
Use a dehumidifier to control moisture and reduce dampness
Excessive moisture and dampness can lead to property damage and cause heating systems to work harder. Investing in dehumidifiers can help maintain the right humidity levels within the property, reducing the strain on heating systems and lowering overall energy costs.
Use smart thermostats to allow tenants to manage the temperature of their home
Smart thermostats are a game-changer when it comes to energy efficiency. These innovative devices allow tenants to remotely control and program heating systems. Easy to use and inexpensive to install, they offer tenants more control over their energy use and reduce wasted energy.
Draft proofing your property
Estimates suggest up to 27% of a home's heat can be lost through an open letterbox. Similar drafts around windows, doors, and other openings can lead to even greater heat loss. Draft proofing is a cost-effective solution to seal these gaps, ensuring a warm living environment.
Get your boiler serviced
A well-maintained boiler is essential for efficient heating during the colder months. Annual boiler servicing by qualified engineers not only ensures optimal performance but also helps identify and address potential issues before they become costly problems. By partnering with YourRepair, landlords can benefit from professional boiler servicing that includes thorough inspections, cleaning, and necessary repairs, for more reliable heating in the winter months.
Investing in energy efficiency can help tenants and landlords manage their costs better, and help you to reduce the overall carbon footprint of your rental properties. By taking action now and signing up for a boiler care plan with YourRepair, landlords can tick one thing off their list this winter and enjoy some peace of mind.
NRLA members also receive an exclusive one month free Hometree landlord cover.