Developers - Considering Heat Interface Units? Read This...
Developer, apartment-hunters are changing. Here’s what you need to know…
The landscape of average renters and buyers is undergoing a seismic shift, with two distinct social groups snapping up apartments in their droves. For developers, it’s now time to consider the very different things that they look for when on the hunt for a new home.
Up steps the Millennial – the biggest property buying demographic
2018 marked a sea-change in the biggest property buying demographic, with Millennials (those under 37) now accounting for a third of all home purchases. This makes the average first time buyer aged between 25 – 35 years old – an age group that’s known for thinking green when looking for a property to rent or buy.
“Energy efficiency is important, but whether or not it’s something this next gen will pay extra for is uncertain. However, NAHB’s survey says they would pay 2 percent to 3 percent more for energy efficient features”.
The grey pound – the other side of the apartment storey
In the realm of construction, many developers are increasingly recognising the other key demographic that is purchasing and renting apartments – the older generation.
“The number of retirees and older people moving into rented accommodation has increased by 13% in the last four years”.
For retirees that are downsizing, asides from less property to maintain, they also look for reduced running costs – central to which is the cost of energy.
Energy efficiency – there’s nowhere to hide
The cost of energy is rising (and rising) – increasing by 5.3% in 2017 alone.
Since the introduction of Energy Performance Certificates, there’s nowhere to hide – landlords and developers must nail their colours to the mast and tell the world about the energy efficiency (or otherwise) of their property. And for the Zoopla-generation, this information is available at the click of a mouse (as are estimated running costs which, if too high, will set home hunters running).
With Millennials being green-conscious, retirees being prudent about the pounds, and energy efficiency being such a hot topic, apartments must be at the top of their game when it comes to energy efficiency.
An innovative answer lies in the promise of heat interface units.
Heat Interface units are a savvy solution to heating large, multi-apartment complexes that feature numerous dwellings.
Serving as a ‘bridge’ between a central boiler and the individual heating and hot water systems in each dwelling, they deliver cost- and energy-savings for developer and the dwellers alike.
For developers, heat interface units represent somewhat of a silver bullet for keeping the two main demographics happy. They are incredibly energy efficient and can easily utilise sources of renewable energy, with studies showing that heat usage and the subsequent energy spend being reduced by 30%.
HIU’s are also smart-energy-ready – giving digitally-savvy home hunters energy-control at their fingertips.
So it seems that HIU’s hit on all the right notes for Millennials and older generation buyers – delivering on their promise of planet-friendly efficiency for Millennials, and energy-savings for all.
But for developers, the benefits don’t stop there…
Faster, easier and cheaper to install
Heat interface units are far easier (and consequently faster) to install than the alternative of individual, unconnected heating solutions (such as gas boilers). There’s no gas qualification required of installers; no gas connection and no flue pipe (so you can say goodbye to the complexity of ventilation routes).
Better living standards
Local authorities – one of the most lucrative purchasers to strike a deal with – may also be interested to hear of the increased living standard that HIU’s can provide, as domestic hot water will no longer need a cumbersome cylinder, and the unit will provide for increased flow rate.
A further key consideration for every type of apartment dweller (and in particular Local Authorities that are charged with servicing thousands of properties) is the minimal maintenance that HIU’s require. As the units only require a hot water riser connection to each individual dwelling from a single boiler plant, a significant saving can be made without the need for individual gas supplies, boilers and the building of an entire network.
Reduced admin and servicing
Heat interface units don’t even require an annual Gas Safety Check (a legal obligation of landlords). For the typical 80 residence property, this could lead to savings of £120,000 over twenty years, and also removes the inconvenience of arranging appointments and disturbing tenants or property owners.
The matter of money – how much does a heat interface unit cost?
There are vast differences from one project to the next, so it’s impossible to even provide a ballpark figure in terms of HIU costings. To discuss what your options may be and the figures associated with your project, get in touch with Richard, founder of RSS Energy, on Richard@Rssenergy.com He’ll happily discuss your options and any quotations are always provided without obligation.
At RSS Energy, we see heat interface units as the future. Whether handling an installation for an apartment developer or for the owner of a multi-unit commercial premises, a single thing sets us apart – we care.
Having 20 years of history firmly footed in the construction industry, we fully appreciate the modern day challenges for developers.
Talk with the team today about all this technology could do for you.
RSS Energy – Innovative heating solutions for new builds and businesses
“We have worked with RSS Energy for many years, they continually meet, or exceed, our expectations: which is why they are chosen to work on our projects and with our clients. They are a trusted partner that fits well with our business and ethics and we hope to be working with them for many years to come."
Gavin Welsman, Divisional Manager - Oventrop Projects
Daikin approved installer | Energie approved installer | Oventrop approved installer | DHP approved contractor