Can Properties Benefit From Energy Audits?

Can Properties Benefit From Energy Audits?

If you want to attract quality tenants to your rental property, then it’s important to consider its energy efficiency. Many renters are in the market for apartments and homes that feature energy-saving appliances and upgrades. Not only will this reduce your property’s carbon footprint and save your renter’s money, but it will also show that you’re a responsible owner. In order to determine just how energy efficient your property is, you need to conduct an energy audit. Let us answer some questions that you may have about the process.

What is an energy audit?

First of all, let’s be clear about what an energy audit actually is. An energy audit is a process that determines how much energy your property needs and how much it consumes. An energy audit will check a property for things such as air leaks, outdated appliances and HVAC systems, and aging windows. 

What are the benefits of energy audits?

When you get an energy audit, you’ll get recommendations about how upgrades can benefit your property, such as:

  • Lowering energy costs.
  • Reducing environmental impact.
  • Increasing the comfort of your tenants.

You may also discover through your energy audit that you qualify for federal, state, or local incentives that could offset the cost of renovations for things like the installation of solar panels.

How is an energy audit conducted?

You can schedule an energy audit with a professional auditor. They will examine your property and its various components and provide you with a list of recommendations for how you can make your property more energy-efficient. These can include easy repairs such as switching to more energy-efficient lighting or sealing doors and windows with weather stripping. They may also include more elaborate renovations such as adding more insulation or replacing outdated windows. Energy audits can take anywhere from 30 minutes to several hours, depending on the size of your property.

Can I conduct my own energy audit?

While you’ll get the best results if you hire a professional for an energy audit, there are ways that you can assess your property on your own. Check for noticeable air leaks or drafts around doors, windows, and electrical outlets. Examine the insulation in the attic, and check for leaks around your HVAC system. Check appliances to see when they were manufactured, and whether or not they have an energy-efficiency rating.

What happens after the energy audit?

After your energy audit, you will want to determine which repairs and upgrades to make. Determine which projects will have the highest return on investment, and which repairs may be urgent. You’ll want to decide if these are projects that you can tackle yourself, or if you need to hire a professional. Determine how long each upgrade or renovation will take, and create a timeline. In order to get the most benefit, you want to make renovations that will make the most sense for your bottom line.

How can Agent Property Management help?

Here at Agent Property Management, we pride ourselves on taking care of all your luxury property management needs. This includes routine inspections and preventative maintenance and repairs. Give us a call today at 949-518-1899 to find out how our full-service management company can help you with all your property needs.