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Renters paying more in energy costs than home-owners

18 June 2012 No Comment

Those living in rented properties tend to pay more in energy costs than those who own their own home, according to research from the Royal Institution of Chartered Surveyors (RICS).

Cited by propertywire.com, the report claims that those renting in the private sector pay on average £31 more every year than home-owners. In addition, they also pay £90 more than tenants living in social housing.

internal-wall-cladding-rent

The Green Deal bringing good news for renters

Renters tend to pay more because home-owners are more likely to effectively insulate their home – with internal wall cladding for example – and modernise their heating facilities compared to private landlords.

However, with the Green Deal coming into force later this year, landlords will soon have to bring their homes up to minimum energy efficiency standards at the very least by law; bringing good news for renters.

Ensure private rental property is energy efficient

Jeremy Blackburn, RICS’ head of UK policy, commented on the report on homeheatingguide.co.uk:

“Those renting privately should expect the same standards in insulation and heating as home-owners and those in social housing. More needs to be done to ensure private rental property is fit for purpose and energy efficient.”

“It is important that the Green Deal effectively addresses this at a time when tenants across the country are struggling with high fuel bills and increasing rents,” he added.

Author: Ashley Curtis  Date Written: 18 June 2012
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