Taking the extra time to upgrade the energy efficiency of your investment property, will create a path for you to make more money.
You will make your tenants feel important and they will value your property more as well.
Energy efficient properties can generally yield a higher rental return and a higher resale value.
Here are some important energy efficiency tips from RealRenta to keep in mind:
· Install an electricity monitoring system to
measure energy consumption
Replace old fluorescent lights with LED lights
Replace old air filters on air conditioners
every 90 days to avoid built up dust decreasing the efficiency of the system
Reseal gaps in doors and windows & seal
ducts to control temperature
Turn down the temperature on the water heaters (
this can save 3 to 6 per cent in energy costs)
Update old appliances to more energy efficient
appliances, ie dishwashers, fridges etc.
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Sunday, 25 August 2019