6 Simple Ways for Tenants to Save Money in Their Home

As a tenant, you have far less control over implementing money-saving measures in your home than an average homeowner, but that doesn’t mean that the amount you spend is already set in stone. Whether you’ve just moved in or you’re a long-term resident, now is the perfect time to walk through a checklist of money-saving measures and see how you can save yourself some pennies. Starting now means that you can start saving your hard-earned cash sooner rather than later, so here are six ways to reduce the energy and maintenance costs in your home.  

Lower the Temperature on Your Hot Water Heater

55 degrees Celsius is the optimum temperature for your hot water heater. Most people don’t use water that measures hotter than this, so heating it above this temperature is entirely unnecessary. Lower the temperature and save some money on your energy bill.

Invest in a Water Heater Blanket

Most modern hot water heaters are reasonably well-insulated, but older heaters often aren’t. If you’re working with a geriatric model, then invest in a blanket for your water heater. This will trap the heat in the water instead of letting it spread out into your utility closet, saving you money on your heating bill.

Install a Programmable Thermostat

Programmable thermostats allow residents to schedule automatic increases and decreases in room temperature. This means that your home has the chance to naturally warm or cool itself whilst you’re at work or asleep, conserving energy. When you’re at home, the device will automatically adjust the temperature of your home to a temperature chosen by you.

This will save you a significant amount on cooling in the summer and heating the water. Before you install a thermostat, however, make sure that you seek permission from your landlord, as advised by rental property expert HomeLet. The same rule applies to redecoration or home modification of any form.

Install CFL and LED Light Bulbs

Where it is appropriate to do so, install CFL and LED light bulbs. These will save you a large amount of money on energy use long-term, and, although more expensive to purchase initially, maintenance costs are much lower. CFLs are usually most appropriate in hallways, and LEDs are well-suited to provide lighting in closets or cupboards (although their functionality is improving all the time).

Choose Energy Efficient Appliances

Think of substituting old, money-guzzling appliances with something newer, shinier and more efficient. Your main criteria should focus on reliability and energy efficiency at the exclusion of almost everything else. All energy efficient models will cost more upfront, but it is far cheaper over the long run to have a low energy fridge that will last for twenty years, than a cheaper, energy-guzzling model which would be lucky to last for five.

Use a SmartStrip for Home Electronics

SmartStrip technology allows the on-off status of one device, like your television, to control the flow of power to another, such as your DVD player. Having the power cut automatically from auxiliary devices can save you a lot of money over the course of a few months, especially because many devices use quite a lot of power even when they’re on standby.

So there you have it – start saving today! 

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