And How Does It Help You?
Energy efficiency for your multifamily property is not just for the planet – it will help your pocket book. Bringing in an energy auditor and energy engineer like Good Habets will drive up your cap rate and help your relationship with your tenants. Plus, it adds value to the building for resale or refinancing!
Raise your cap rate
Your multifamily building probably has some utilities that you pay for – perhaps just in common areas, but perhaps you offer all inclusive rents! Either way, driving the energy costs down means your cap rate – and your profit – go up. Even if all of your energy costs get passed onto the tenant, Good Habets can show you ways to raise rents by adding services – and, of course, at tenant turnover. More income is a win-win in multifamily – driving up both your monthly cashflow and the building value. And it can be a win for your tenant as well, with less expensive utilities in exchange for slightly higher rent. The tenant may as well pay you instead of the utility companies! Contact us to learn more!
What is an Energy Audit?
An Energy Audit is where a certified professional examines your building, its equipment and your energy usage for any possible cost savings from low hanging fruit through to major retrofits – and helps you make any necessary changes!
Good Habets Inc is a Certified Energy Auditor, a LEED BD+C professional, and a Licensed and Insured Engineer in Ontario. Trust us to make sure your building is as profitable as you can make it – with a guaranteed payback. Find out more here!
- The Energy Auditor will look over your energy bills and usage.
- The Energy Auditor will walk through the property, looking at the building and its equipment
- The Energy Auditor will give you a report with recommendations for changes and rough paybacks
- Good Habets Exclusive: The Energy Auditor will make any no-cost changes to your building
- Good Habets Exclusive: The Energy Auditor will calculate your 6 month payback on the no-cost changes and ensure you only pay that much.
Why Tenants Like Us - and Energy Audits
An Energy Audit isn’t only about energy savings. In most cases, occupant comfort is significantly improved. This means your tenants get to see an improvement in their living situation, and prospective tenants are impressed as soon as they walk in!
Plus, this is another tool to be able to show your tenants that you’re doing what you can to be a responsible housing provider.
Good Habets Inc is always certain to respect your tenants privacy and boundaries. We’ll use proper PPE and Covid protocols, and follow local health guidelines.