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.
·
Want to learn more about Self Managing
your own investments and increasing your return?
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Marlene Liontis
Sunday, 25 August 2019
