Copenhagen, what does it Mean.
By
One of the main questions we get as realtors from a buyer is ” What are
the Heating and utility costs”
What ever your point of view or the outcome from the conference in Copenhagen.
Energy, whatever it is , oil, natural gas, electricity or now water,It is going to
cost more, alot more.
The Ontario government recently proposed a mandatory energy audit for any resale
property, they had to back off the bill when they were informed by the Ontario Real
Estate Association that there are not enough auditors to perform the audits.
However, as a property owner, residential, mutifamily or commercial this may be
a very good decision, to have an energy audit performed.
Residential and MultiFamily Properties
The energy audit will focus on the main causes of energy losses, ie HVAC
systems, Hot water tanks, Windows/Doors, Electrical lighting and appliances,
Water systems and Insulation. This audit will allow you to focus and replace
the worst offenders.
The energy audit is also the first step to qualifing for the grants from the
federal and provincial governments. These grants can be substantial, especially
for furnaces and HVAC systems. Follow the link on my blog to the CMHC website and
go to the link for residential and to the programs that are apllicable.
If you were planning to replace a furnace or windows it only makes sense to take
advantage of all of these grants.
Large Commercial Buildings.
If you are an owner operator by working with a qualified HVAC contactor and Electrical
contactor you can reduce your energy costs and increase your Net Operating Costs.
If you are a landlord you can help your tenants by keeping their operating costs,
down. This may mean you can increase your base rent, or keep your good tenants
and reduce your turn over.
Whatever the type of property, an energy audit and your investment in energy efficentcy
will ultimately lead to a higher resale price.
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