Energy Saving Ideas You Can Use for Your Rental Property
Going green and protecting the environment are becoming more and more popular. And, those who are fulfilling their duty to maintain the health of their surroundings are often found to be more honest, easy-going individuals. As you get your rental property set to list, being able to market it as energy efficient could catch the eye of these potential tenants.
Why not use a few of these ideas and create a rental property that is giving back?
- Upgrade the thermostat. Out with the old and in with the new. Adding a programmable thermostat can reduce the energy used, as the temperature will remain at a set and will only change as programmed. Constantly moving the temperature up and down can waste a lot of unnecessary energy.
- Check the seals of windows and doors. If there are leaks or gaps, be sure to caulk and seal these areas to help maintain the temperature inside the home.
- Replace the furnace and AC filter regularly with use. Consider even supplying your tenant with these items. The benefit that will come from regularly changing the filters is a small price to pay for you to supply these items. Not only will it make the AC and furnace more energy efficient, but it will also extend the life of your appliances.
- Install energy efficient lightbulbs throughout the home or apartment. These use less energy and provide great, adequate lighting.
- Change the settings on the water heater. The general, default temperature that most water heaters are set at is 140-degrees. However, changing this to 120-degrees is much more energy efficient – and is such a slight change that it is likely to not even be noticed.
- Landscape to give a lot of shade. Providing the home or apartment with a lot of shade from surrounding trees, plants, and bushes requires less work to maintain the temperature inside the home.
The more energy efficient you make your rental property, the more enticing it may be. And, of course, the justification of a little boost in rent may be warranted. You may be surprised by the number of potential tenants willing to pay a bit extra for the energy efficient upgrades.
Marina Shlomov, a managing partner at ALH|Podland Rental Homes Property Management is the author of many articles on Landlording, Property Management, and Real Estate Investing. A residential builder in the state of Georgia since 1999, Marina is an investor herself. Her property management company is intended “For Investors” and “By Investors” for a simple reason – she knows what investors’ goals are and she works hard to reach their goals. In her spare time, Marina likes to spend time with her family, friends, garden, read and travel. Check her out at www.alhpodland.com. You can find Marina’s articles and comments at @rentalhomesatl on Twitter, on Facebook, Google+, Blogger. and YouTube,Bigger Pockets and REI CLub and LinkedIn.