What are the hidden costs of the house of your dreams?

As the UK has some of the smallest homes of any nation, many of us long to have a bit more space. Fantasising over spare bedrooms, kitchen pantries, and ensuites, we all have a list of the things we wish we could have as part of our luxury home.

But naturally, the more space we have, the more items we'll accumulate and it's the cost of keeping these things running that'll start to make the biggest dents in our pockets. So apart from the obvious costs of purchasing a home like this, what would it cost to actually run the place?

At SaveOnEnergy, we created this tool to show what the true running costs are for the house of your dreams.

The biggest costs incurred are from heating the vast swathes of space of a dream home, along with the necessary additions of a swimming pool and hot tub. But why stop there when it's your dream home after all? A sauna and steam room go hand in hand with a swimming pool, and would be perfect after a workout on your new treadmill.

Agas are almost a staple requirement for country homes. This gas guzzling oven is more than just a cooker, it keeps the home cosy and warm and is much a part of the interior design as the furniture and wallpaper. Having been around for almost a century, they're one of the oldest luxury items a home can have.

A more modern addition to the home is the electric car charger. Though increasingly common, it's still out of the realms for most UK homes.

However, don’t let the daunting costs here dash your dreams too easily. SaveOnEnergy has created the following tips on how to keep your energy costs to a minimum whilst still being able to enjoy the little luxuries in life:

9 energy saving tips to cut costs

  1. You may enjoy the opulence of an Aga, but a microwave is generally the most efficient way of heating and cooking food. 

  2. When buying your new TV, look for the energy-saving trust recommended label so you can be sure you are buying a TV with optimised energy-saving features.

  3. Try turning the pressure of your shower down a little. A high-pressure power shower can use more water than a bath.

  4. Consider installing solar panels. They can be a costly addition, but they could save you as much as a third on your electricity bills.

  5. Use energy-efficient lightbulbs like LEDs or compact fluorescents rather than the commonly-used incandescent types. LEDs in particular use a quarter of the energy of incandescents and can last up to 25 times longer.

  6. It might be worth completely renovating or replacing the central heating system if it’s old and ineffective. This will obviously be a costly route to go down, but if the central heating is old, it’s likely the rest of the house is as well, so it might be folded into a wider renovation project.

  7. If you’re lucky enough to have a pool or a hot tub, keep them covered when you’re not using them. Keeping the heat trapped underneath a cover means you’ll have to spend less energy heating them up. You might also want to invest in solar covers that heat the water.

  8. Get a smart thermostat to ensure you’re not heating an empty home. Even if you have your central heating on a timer that suits your work schedule, last-minute plan changes can mean your house is being warmed while no one’s there to enjoy it. With a smart thermostat, you can remotely control your heating from your phone.

  9. Compare energy prices with SaveOnEnergy. You can switch your energy tariff and supplier with SaveOnEnergy to make sure you’re getting the best deal. 

Sources:

  • https://www.findmeafloor.co.uk/where-in-the-world-do-you-get-the-biggest-home