It’s all about saving the benjamins….
As we move into the winter months it’s a good idea to take a look at your properties to make sure they’re as energy efficient as possible. This means checking the windows for air leaks, making sure things are properly insulated and even winterizing where necessary – especially in ongoing projects. There are some pretty good videos on HomeDepot.com with some helpful ideas & tips. A little bit of maintenance can go a long way towards benefiting your bottom line.
One way to get the ball rolling is by doing a home energy audit to help you assess how much energy is being used and identify problem areas that need addressed. The U.S. Department of Energy recommends doing an energy audit before making any energy-saving home improvements. Not only will the home be more efficient & comfortable but it may improve its value and/or sale price OR in the case of a rental where you’re paying for the heat, it might save you a lot of money.
Click on the inforgraphic to the left to see a handy chart that the DOE put together about home energy audits. Some of the information is plain old common sense but most of it is quite helpful. Who knew the average home’s air leakage was the equivalent of medium sized window (2 ft. square) being open 24 hours a day?
On a slightly different note, a while back a real estate investor told me a story about a property he bought that was supposed to have been winterized, but really wasn’t. Oh sure, it had been inspected by a certified individual (who was long gone) and had the appropriate paperwork & stickers. Upon taking possession of the property he discovered that pretty much all of the plumbing had to be ripped out and replaced because it had frozen & burst during the winter months – and yes the water was turned off, however the system and its components were not properly drained and/or antifreeze applied. Have any of you ever experienced anything similar?
By: Brad Beckett