Sunday, 15 January 2017

How LED Lighting Can Help Buy-To-Let Landlords Improve Their Energy Efficiency

Energy efficiency has been a hot topic in all sorts of areas of the economy for years.

Using lighting to help achieve the minimum 'E' EPC ratingNot only is this due to the fact that energy costs have risen over the course of the last decade or so, but because of the pressures of climate change.

You can see this in the way that electrical appliances are rated, for example, as well as the design of vehicles which are ever more energy efficient.

Landlords can play their part in energy efficiency by reducing the electrical usage of the homes they rent out.

Indeed, new regulations due in 2018 will mean that landlords have to have taken energy efficient measures in their properties to be able to rent them out.

Therefore, the time to take action is now.

Thankfully, when it comes to lighting buy-to-let homes, the solution to finding greater energy efficiency is already here in the form of LED lights.

Regulations and EPC Ratings

Tenants can already apply for consent to undertake energy efficiency improvements in their rented property under regulations that came into force on 1st April 2016. Landlords should be aware that the new regulations coming into play in 2018 are separate from these ones.

Rather than allowing tenants the right to make changes, the new rules means the onus is very much being placed on the landlord.

From the 1st April 2018, landlords will be obliged to produce an Energy Performance Certificate, or EPC, for each home they rent which is rated at E or better. The system will be rolled out so that new tenancies and those which are renewed on fixed terms have to comply initially. However, long-term tenants will also be expected to inhabit homes with the same rating, even if their tenancies have not changed in any way, after April 2020.

All private landlords need to know that these measures are not advisory in any way.

It will simply become unlawful to rent a property to tenants which does not meet the minimum E rating EPC requirement. Although, exemption notices can be applied for in certain cases, for most landlords this means that failure to comply could lead to a civil penalty of up to £4,000.

Penalties of up to £5,000 will be applicable in cases where non-compliance continues and further fines may be applied if a new tenancy commences and the necessary energy efficiency works are not carried out during the void period.

Energy Efficient Lighting Explained

As mentioned, one of the simplest means of achieving greater energy efficiency in a buy-to-let home is to alter the lighting.

Huge levels of energy are used in the UK each year lighting dwellings because conventional lighting technology is not very efficient.

Simply put, traditional bulbs, such as halogen ones, create more heat energy when they are turned on than light. Bear in mind that the selling of halogen bulbs has already been banned across Europe and those which are still available are being phased out already.

Therefore, switching lighting fixtures to energy efficient alternatives makes a lot of sense from a purely practical point of view in any case, regardless of regulatory change.

Landlords do need to provide adequate light fittings for tenants, so they may as well offer ones which will be future proofed rather than rely on old technologies.

Of course, if a tenant plugs in a bedside or a standard lamp, then this is their own business.

The energy efficiency of a home's lighting really relates to permanent light fixtures only. Practically, this means wall lights and ceiling downlights.

Both wall and ceiling light fixtures can be fitted with energy efficient technologies. The two major ones to consider are compact fluorescent bulbs and light emitting diodes.

Both provide light with much less electrical usage than halogen bulbs. When compact fluorescent lighting (CFL) comes to the end of its life, it must be disposed of properly due to the gasses which are held within the bulb.

Light emitting diodes (LEDs) are more energy efficient than most CFL products and so help landlords to achieve their desired EPC more effectively for every fitting that is converted to use them.

The Benefits of LED Lighting

[caption id="attachment_73" align="aligncenter" width="768"]One LED lamp can save you £25 per light fixture! Installing LED lamps in your rental property could save you £25 per light. Image credit: www.downlights.co.uk[/caption]

As mentioned, the chief reason to convert a buy-to-let home's light fittings to LED technology is the fact that it uses much less energy than other systems. However, that is not the only reason by any means. What other advantages can LED lighting offer?

  • LED lighting creates less carbon emissions than other lighting technologies over its lifetime because it requires lower levels of electrical energy to run at full power.
  • LED lighting contains no poisonous mercury, unlike CFL.
  • It is RoHS compliant.
  • LEDs offer a typical lifespan of 50,000 hours with performance that continues to be high. Other lighting technology offers much lower performance toward the end of its life with shorter lifespans overall.
  • LEDs don't deteriorate when they are continually turned on and off, unlike CFL.
  • An LED light fitting produces instant light and does not need 'warm up' time.
  • LEDs are highly durable and can stand accidental knocks compared to CFL and halogen bulbs which are delicate and predominantly made from glass.
  • Low levels of heat means that LEDs are safe to touch and more efficient at creating light.
  • A 5 Watt LED will create about 450 lumens of light. This compares with a similar light level created by a 40 Watt halogen bulb or a 12 Watt CFL.

For landlords who want to meet their responsibilities under the new regulations, fitting LED lighting fixtures makes a lot of sense.

Moreover, if landlords include utility bills as a part of the rental in an all-inclusive deal, then changing all the fixtures and light fittings to LEDs is surely an imperative.

Otherwise, the cost of the energy used is simply coming off their bottom line. Also, bear in mind that light fixtures can be included as part of an inventory for landlords.

Cost Versus Quality

Another consideration that landlords should make when selecting LED lamps or downlights is their cost. On the face of it LED light fittings can appear to be very cheap. However, some of the lowest cost LED products available on the market present something of a false economy.

Not all LED spotlights are the same, after all. Most LED fittings and fixtures have more than one LED in them, for example. They are commonly arranged in an array. Generally speaking, the more LEDs in an array, the greater the level of light that will be generated, but the ones with more will be that bit more expensive.

LEDs of higher quality will last a good deal longer than lower cost versions. This is often down to the manufacturing processes which go on rather than anything to do with the inherent design of one product over another.

However, good design is usually to be found in the fitting's diffuser and housing. Cheaper light fittings feel a bit lightweight and flimsy when they are installed and they often don't have the best wiring either.

Good brands of LED fittings put their name on the product which means that you can be confident that the fitting will be reliable and not need changing for many years to come.

Also, you will often find that branded products create a pleasant colour temperature of light, compared with a stark bluish-white found in many cheaper alternatives.

Originally Published Here: How LED Lighting Can Help Buy-To-Let Landlords Improve Their Energy Efficiency

Thursday, 29 December 2016

Home Lighting Tips For House Improvement

Home Lighting Tips

Improving the total appearance of your house is actually not a difficult point to do if you understand how to trying out your lights using various light fixtures in different rooms. There are in fact several home lighting tips that will certainly aid you create a various ambiance in your residence. In this manner, you would not always need to invest a lot of cash getting expensive furniture so you can boost the interior of your house.

Below are some of the home lighting tips which will assist transform your home from being "simply normal" to remarkable as well as really welcoming.

home lighting tips* When you are starting to decorate and also enhance the lights inside your kitchen, it is best to bear in mind that the health and wellness demands of your family need to be taken into account before anything else. Florescent strip lights are typically the components that are put inside the kitchen, and so you need to start with eliminating them because they are not good for the health - - they are usually causing nausea and headaches to many people. Instead it is best to use halogen spot lights and under counter lighting in order to have sufficient light directed to the place where it is needed the most. Good task lighting is very important in any cooking area.

* The case is practically the exact same when enhancing bed rooms. There must be plenty of lights found in dressing locations; nevertheless, bedside lights must constantly be present in order to create a significant and many more intimate ambiance inside the spaces. This is also ideal for honeymoon and romantic settings, and will add to the intimacy shared by couples living inside the house.

* For lounges, you can constantly develop lovely illumination effects using general central lighting added with wall surface lights and also various table or desk lights. The dimension of the lights would depend mostly on the type of lighting that you intend to have in the room. As an example if you want to have a brighter aspect, then it is recommended to buy the bigger lights to opt for the room plan, obviously, ensuring that the area is not as well tiny for placing a big light in it.

* If you want a rather ambient and also relaxing illumination with home lighting tips, you could have numerous smaller sized lights strategically put in different parts of the room.

See Full Article Here: Home Lighting Tips For House Improvement

Friday, 9 December 2016

The Best Places to Invest in Property in the UK


The North West of England tops the charts as the best place to invest for high annual rental yields, whereas the South East benefits from huge increases in house prices

Despite George Osborne announcing an additional 3% Stamp Duty to be levied on the purchase of additional properties in his 2016 Budget, investing in property can still be profitable, and here are the most lucrative areas to invest.

The North West of England topped the tables as the most lucrative area to invest in property to achieve high rental yields; and with four renters vying for each property, there’s no shortage of demand. Conversely, those who have invested in the South East and London would benefit from the increase in house prices. So, where exactly are the best places to invest in property in the UK?



Invest in Property in the North West of England to Achieve High Rental Yields

More specifically, Manchester tops the poll as the best place to invest if you wish to achieve high rental yields. The yield is calculated by taking into account the average monthly rent and working it out as a percentage of the property’s market price. The average rental yield in Manchester is 6.02% and Liverpool came in a close second. The full list is below:
  • Manchester 6.02%
  • Liverpool 5.16%
  • Cardiff 5.10%
  • Coventry 5.02%
  • Oldham 4.98%
  • Sunderland 4.97%
  • Luton 4.91%
  • Southend-On-Sea 4.87%
  • Outer London 4.86%
  • Rochester / Medway 4.79%

 Manchester Named Best Place to Invest in Property

Manchester tops the table as the best place to invest to achieve high rental yields. Not only can investors achieve high rental yields here, there is also a sizeable rental sector. 26.85% of the housing stock is privately rented, which is above the national average of 18% and assures investors that there will be a strong demand for property. Manchester is also home to 60% more 25-29 year olds (those most likely to rent) than anywhere else in the UK.

Investors can also take advantage of rising house prices in Salford, Greater Manchester. This is partly due to the influx of businesses setting up offices in the town, as Salford’s MediaCityUK became the headquarters of BBC Sport and CBBC in 2011. Properties such as the Viewpoint in Salford consists of student, post graduate and professional accommodation that would be ideal for those attending the University of Salford or those who work in Salford or neighbouring Manchester.

The Best Northern Cities to Invest in Property Outside of Manchester

Liverpool
Buying property in Liverpool is a sound investment. Liverpool comes in a close second on the table of the best places to invest in property to achieve high rental yields. Liverpool is undergoing several regeneration schemes focusing on Liverpool docks and housing that upon completion will only raise house prices in the area as it increases in desirability. Liverpool’s L1 postcode in particular is on the up, still remaining affordable but having experienced a rise in house prices of 41.2%.
Liverpool’s huge student population means that there is always a requirement for accommodation, and this coupled with low house prices and high rental values allows investors to maximize their yields.

Student properties such as The Steel in Liverpool are particularly good investments, guaranteeing immediate income, zero development risk and 8% net assurance. The development’s proximity to several universities including Liverpool John Moores and the University of Liverpool only enhances its appeal to Liverpool’s 50,000-strong student population.

Sheffield
Although Sheffield didn’t officially make the top ten best places to invest in property in the UK, the S1 postcode achieves some of the highest gross yields in the whole of the UK. Investors can buy a property in the S1 postcode for under £70,000 and generate gross yields of up to 11%. Sheffield also has a sizeable student population of over 63,000, all looking for a place to stay. This means that there is a huge demand for student accommodation, especially because seven out of ten students in the city have admitted that they do not have access to university-provided accommodation. This demand is only set to rise, with the number of international students in Sheffield forecast to rise between 15-20% over the next five years.

This makes Sheffield student accommodation buy-to-let investments particularly attractive to investors, as demand is guaranteed and they can get an assured net rental income of 9% for three years and 5% interest on deposit funds through construction.

Invest in Property in Cardiff and Coventry to Achieve Excellent Rental Yields

Cities such as Cardiff and Coventry also command excellent rental yields, due to relatively low property prices. In particular, Cardiff has seen finance and business services employment growth of 4.4%, outstripping the rest of Wales and the UK as a whole. These improving economic conditions in Cardiff mean that many anticipate a rise in demand for rental properties in the area. With businesses and investors finally seeing the benefits in cities other than London, it is no surprise that property in these areas is increasingly becoming more desirable.

Investing in Property in the South East of England to Generate High Capital Gains

The South East tops the tables when it comes to capital gains, with property investments in inner London generating an annualised return of 7.9% and properties in Cambridge generating 5.99%. With regards to rental yields, when compared to the North, the South East performs poorly and nine out of ten of the worst performing postcodes are based in the South East and London. This is mainly due to soaring house prices, which of course is good to generate high capital gains, but negatively affects rental yield.

So, Where Exactly are the Best Places to Invest in Property?

Investors may finish reading this wondering where exactly are the best places to invest in property. Investors may find it easier and safer to invest in the North where house prices are relatively low, rather than take a risk with property investments in the South East, where house prices are high. Although properties in London and the South East generate a much higher annualised return, many investors find that they do not want to invest so much money into a property as the risk is much higher. To generate a steady income with lower risk, we recommend considering places such as Manchester, Liverpool and Sheffield to invest in property. The benefit of investing in Manchester and Liverpool in particular is that even though property prices are currently low, they are predicted to experience the biggest growth in house prices due to graduates deciding to stay after completing their education. As mentioned previously, the L1 postcode in Liverpool is home to some of the largest property price increases in the country, experiencing a 41.2% growth in the last year alone. Average property prices in the area went from £85,000 between December 2011 and November 2014 to £120,000 for the year to November 2015. Manchester, Liverpool and Sheffield are still affordable but we advise early investment to benefit from the predicted rise in house prices.



The Best Places to Invest in Property in the UK first appeared on www.onetouchinvestment.co.uk