Heating homes in Edmonton is costly, especially when the winter chill really sets in. With such high costs of heating, it often pays for rental property owners to update their heating systems. It can be expensive, but the savings are often well worth the investment. If you’re heating up a rental property, here are just a few different things you can do to increase your property’s heat efficiency, and save you money on your monthly utility bills.
1. Space Heaters
As homes get renovated more and more to accommodate more rental profitability, they can often suffer from heating and ventilation issues. One quick solution for this is space heaters installed in rooms that don’t have great heat, or aren’t connected to the main ducts. These can eat away at power bills, which is a problem if you pay those bills instead of your tenants, but they can also help you heat up a space in a really short amount of time.
2. Insulate Pipes and Tanks
The amount of heat lost in hot water tanks that aren’t properly insulated is astounding, it simply costs too much to not have them working at their best. By insulating pipes and tanks, you can keep the hot water hot and well-distributed throughout the home, saving on water bills. Tenants aren’t adverse to running the water until it’s hot, so using effective insulation to ensure the water is efficiently heated and sent as hot as possible to its destination can save you on gas and water, all while delivering better water overall.
3. Windows and Doors
Doors are a big heat sink if they aren’t well-maintained, but they’re also one of the cheapest things you can do to keep your property warmer for less. Always ensure your doors actually keep heat in to help with insulation. Same goes for windows. While they can be a much larger investment than a new door, energy efficient windows will noticeably cut your heating costs the second they are installed. Rather than rely on your furnace to continually burn gas, give it a break by helping keep the heat its generated in your actual home.
Heating homes is very expensive, especially when you own multiple properties. Luckily, there are a few things you can do to heat up your properties without spending lots of extra cash. Simple tricks, like replacing a door or insulating pipes, can save you hundreds of dollars a year, all while keeping your tenants happy and warm through Edmonton’s long winters.Posted by Gurpreet Ghatehora on