Minimum Energy Efficiency Standards tips
As most of you will be aware the new Minimum Energy Efficiency Standards (MEES) will come into effect April 2018. Along with many other regulations it could be easy to forget this one. However, I would strongly recommend you ensure your buy to let property will meet the regulations, as it could be quite easy for any tenant you wish to remove to site these and make the eviction process longer and costlier.
Through my networking I have compiled some tips that might be of use to ensure you meet with the Energy Efficiency Regulations. In addition to the tips have you considered financial support through Energy Company Obligation, this needs your tenant to meet certain qualifying criteria.
Now here is a hypothetical question for you. Your current tenant does not meet the criteria for Energy Company Obligation, would you evict the tenant and replace them with one that does meet the criteria?
View meeting energy standards in a new light, along with meeting the new requirements, would having an energy efficient property be easier to rent or indeed command a premium rent?
Window technology is always moving forwards both in terms of the glass used and the surrounds. When was the last time you upgraded the windows? I have spoken to a few landlords who have seen huge differences through changing the windows in their HMO. Again windows will save energy and make the property more visually appealing to potential tenants. You don’t always have to replace windows an option could be to fit secondary glazing.
The new regulations look at permanent improvements to the fabric of the building so think about long-term upgrades that will help to reduce heat and energy use, you need to find permanent ways to fill the gaps to stop heat escaping through windows, doors, letterboxes and even keyholes. Many can be a quick cheep fix sourced from your local DIY store.
Should your property require substantial renovations to achieve the required levels to meet the regulations. Why not consider renewable technologies such as solar panels with an at-home battery to store electricity for use even when the sun goes down. You might still be able to obtain grants and I believe you can still sell surplus back to the grid. However any improvements only contribute to your ratings if they’re helping to heat the house, providing electricity for other uses is more a financial or marketing bonus.
Landlords should really be better at sticking together so feel free to share your ideas and tips in the comments below and I will do my best to ensure others see them.