When it comes to being a homeowner or real estate investor, one of the things that we don’t think about is energy.
As a homeowner, we are always concerned with our energy bill because it’s constantly rising and it’s one of the most expensive bills that we can have.
As a real estate investor, we never factor this into our accounts because we’re mostly concerned with the cost of rehabilitation or renovation.
Here’s what you should know about the elusive cost of energy.
How Energy savings can affect for a new home
When you’re looking at building a new home, this is one of the best times to actually factor in your energy efficiency.
Because of the fact that you have control over how the foundation is made, how the frame is set up, and how all the ventilation and ductwork is prepared, there are things that you can do to make sure that the home is efficient enough for future energy savings.
That might include installing double or triple pane windows, setting up proper insulation padding for ductwork, and making sure that everything is constructed as far as windows and doors are concerned, have no leaks and are sealed properly.
What about if it’s an existing home that is older
Two of the most common issues that we’ll find with existing homes, one is the air leaks from doors or windows that have been warped overtime just from regular house settlement, which then leaves air to move in and out through those cracks constantly requiring your air conditioning to re-cool that air.
The second, and harder to detect, is issues with tears in the ventilation system.
Ductwork, over time, can have tears which leaves room for air to leak out into the attic space or in between walls depending on how the ventilation is setup.
As such, air conditioners have to work overtime because that air is leaking into areas where no one is actually occupying that space and secondly there is no thermostat to know that that space is being cool down.
As the main thermostat for the home still reads the temperature is higher than expected, the air conditioner continues to work, even as it’s producing plenty of cold air.
This makes energy cost to ride up significantly because the air conditioning is cooling during the night but fighting the heat during the day, where it’s working under capacity due to the air leaks.
How to reduce energy costs without energy reduction
One little known method to reduce energy cost involves using referral programs.
Many companies that compete against each other in any industry generally has a referral fee that supplied whenever you bring a new customer to them.
And states where energy is deregulated, energy companies are actually competing against each other driving prices lower and adding additional perks to one of each other.
As an added benefit they offer referral programs that allow you and the person that you refer to have credit to their bill.
The credit generally will stay around 50 to $75 however sometimes it will actually go up to 100 or a 150 depending on how much they want to promote the campaign.
The benefit to you, as their customer, is that you can refer your friends, family, and strangers while generating a very large amount of credit to your bill.
This means that you can actually have an energy bill that is paid for you for months at a time depending on how many people you refer to your energy provider.
Back to the common methods of saving energy
As we’re all aware, there are still the more common things to always keep in mind.
Electronics, like computers, that like to suck energy and typically get left on overnight.
Energy efficient appliances and systems that can use less energy (like dish washer, washer/dryer, ranges).
Energy-efficient light bulbs and even reflectors on windows that can help preserve cool air inside and repel heat from coming in.
For more tips and tricks in business, real estate, or marketing, feel free to re-visit my home page (http://www.james-harvey-stout.com) as I’ll be sharing some more info regarding my experiences.