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Top 10 Tips To Reduce Your HMO Running Costs

Number 1: Heating Controls

Around £300 Installed

Here is a link: Time-O-Stat

Around £1000 - £2000 A Year Saved

Number 2: Automatic Lighting

Here is a link: PIR Sensors

Around £200 Installed

Around £60 Per Room A Year Saved

Number 3. Roof Insulation

Here is a link: Roof Insulation 

Around £500 - £1000 Installed

Around £100 - £200 PA Saved

Number 4. Insulation

Around £500 - £8000 Installed

Here is a link: Internal & External Wall Insulation Benefits 

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Around £100 - £1000 PA Saved

Number 5: LED Bulbs

Around £100 - £200 Installed

Here is a link: 5 Steps To Swopping To LED

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Around £4 - £15 Per Bulb Per Year Saved

Number 6: Fan Heaters

Around £20 To Buy

Here a link: Running Electric Fan Heaters

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Could Cost You £??? A Year

Number 7: Solar Panels

Around £600 A Year Saved

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Here is a link: Solar Panels Advantages & Disadvantages

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Around £6500 To Install

Number 8 Smart Meters

FREE TO INSTALL

Here is a link: Smart Meters

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Around £100 PA saved

Number 9 Rent Increase

Cost Of Section Notice: £50 - £100

Here is a link: Section 13 Rent Increase

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Around 10 - 25% Per Year Gained

Number 10 Fair Usage

Here is a link: Fair Usage Policy

Using an average of the above to implement at a cost of around £8600 you could make an average saving of around:

 

£2800 a year. 

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ROI 33%.

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