Tips to Slash Your Vacation Rental Utility Bills this Winter

When outside temperatures begin to drop, one of the costliest consequences is the increased energy it takes to maintain a comfortable home temperature. Though the most obvious choice may be to lower the thermostat, there are many other methods to decrease your vacation rental’s utility costs while still ensuring the warmth and comfort of your guests.

Consider These Tips to Reduce Your Winter Utility Bills

While these costs are a part of managing a rental property, it doesn’t mean there’s only one way to reduce them. You can take proactive measures to lower your expenses without having to work harder.

• Look for and seal any areas where heat may escape from the property, especially around windows and doors.
• Check the temperature setting of the water heater and insulate it to prevent heat loss.
• Ensure the vents and radiators are not blocked. This will allow warm air to circulate through the property freely.
• Open window curtains and blinds during the day to let sunlight warm the property and close them at night to keep the heat from escaping.
• Check the furnace filter and replace it if dirty.
• Have all HVAC systems inspected by a professional and repair any leaky ductwork.
• Shut the doors and close the vents to rooms not in use. Doing so will allow you to heat the in-use rooms more efficiently.

Utilize Smart Technology

Smart thermostats can help regulate the temperature in the dead cold of winter and the middle of the summer. As a host, you can set your own restrictions regarding the temperature instead of letting your guests crank it up. You can also increase or decrease the temperature before the next guest arrives, so your property is cozy. Smart thermostats also help reduce your chances of a burst frozen pipe.

Clean Refrigerator Coils

One of the biggest energy drainers is the refrigerator. Cleaning the coils is a task that is often neglected. However, removing the dust that accumulates on the fridge coils can increase energy efficiency by 30%, thus saving you a large amount of money.

Consider Other Sources of Energy Waste

There are other small ways that energy can be saved to reduce bills year-round. Consider fixing leaky faucets, using energy-efficient LEDs instead of incandescent light bulbs and unplugging electronics if you don’t have bookings for a few weeks. Unplugging coffee makers, TVs and even gaming consoles can save a significant amount of energy.

While an investment at the start, switching to Energy Star-certified appliances can save you money in the long haul. On average, 13% of your energy bill is from appliances alone. Switching to energy-efficient ones will help reduce that cost and may even use less water. 

Stay Warm & Safe With CBIZ Vacation Rental Insurance

While you master energy efficiency, let us help you master mitigating your potential risks. Connect with a CBIZ Vacation Rental Insurance team member today and request a free quote.

This blog may contain scenarios that are provided as examples only. Coverage is subject to the terms, conditions and exclusions of the policy issued. The information provided is general in nature and may be affected by changes in law or the interpretation of such laws. The reader is advised to contact a professional prior to taking any action based upon this information.

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