I think most of us can probably admit that the main reason that we invest in property is to generate income, yes?Â
So we’re here to share some amazing ways to boost the appeal of your properties and make some serious savings.Â
Let's dive into the world of green HMOs – it's not as complicated (or boring) as you might think. We're talking about real benefits for both the environment and your bottom line.Â
Why Go Green?
In a world increasingly focused on sustainability, green features aren't just a nice-to-have, they're a must-have. Tenants are actively seeking eco-conscious housing, and who can blame them? Green HMOs attract higher-quality tenants, command better rents, and future-proof your investment against stricter regulations.
But it's not just about the feel-good factor. Going green can seriously boost your bottom line too. Less energy wasted means lower bills – a simple equation that puts more money back in your pocket.
Simple Green Upgrades That Pay Off
Let's explore a few easy ways to make your HMO greener:
Solar Panels
The price of solar has plummeted in recent years, making it a surprisingly affordable option. A typical residential solar panel and battery system costs around £10,000 installed, and it can drastically cut your electricity bills. Bonus: solar can also boost your EPC rating, a key factor in attracting eco-conscious tenants.
Insulation
This might not be the sexiest upgrade, but it's a game-changer. Properly insulated walls and roofs keep the heat in during winter and out during summer, meaning less reliance on heating and cooling systems. Happy tenants, lower bills – what's not to love?
Motion Sensors
Let's face it, not all tenants are energy-saving superstars. Motion-activated lights in communal areas ensure that lights are only on when needed, saving energy and money.
Pro Tip: Before you start shelling out for these upgrades, check if you're eligible for any energy grants. There's often government or local funding available to help landlords make their properties more energy efficient.
Going green isn't just about following a trend – it's about making smart investments that benefit everyone. By prioritising sustainability in your HMO, you're not only doing your part for the planet, you're also creating a more attractive, cost-effective property that will stand the test of time.
Comments