In older multi-family buildings without separate metering, 40% to 50% of your operating budget will go towards your heating and domestic hot water. Your costs increase exponentially with the number of units within your building. For every percentage point you increase in efficiency or water conservation can put thousands of dollars in your pocket each year. Most investors have exit strategies for their buildings whether it is to flip, or hold for two, three, five years. Reducing energy consumption by increasing efficiencies during the hold period will increase the buildings value and saleability. What is the point of rent increases when it goes to pay another bill.
If possible, separate metering is the way to go. In case studies, when tenants pay for their own utilities there is an average drop in usage of thirty (30%).
"How we can help"
Let us use our expertise to work for you. We will evaluate your HVA.C. systems, fuel consumption, H&C water usage, lighting, building envelope and equipment, give you solution based ideas and recommendations. We do not offer a “one size fits all” mentality. Each building is unique by its size, age, improvements or lack thereof. Some buildings have common problems which are easily addressed others require more thought.
"Talk to us before you buy"
We can do a quick evaluation as part of your due diligence (inspection process) "before you buy" and possibly give you a negotiating edge thus saving you money.
We offer a Free phone consultation to discuss your needs and concerns and if our services can benefit you in a cost effective manner.
