Wednesday, March 27, 2019

Why Your Property Needs an Energy Audit

Property Condition Assessments can give you a comprehensive look at what systems are working as intended, which need repaired and which will need replaced in the near future. The out of pocket costs associated with such an assessment can actually save property managers in the long run. Cal Bay Property Management's Scott Safadi recommends beginning with an energy audit.

Energy audits can reveal improvements that should be made in order to save you serious cash. A building naturally becomes less efficient as it ages. This often leads to tenant complaints and higher operating costs. An energy audit can give you an idea of whether or not you should work to retrofit your property with better energy systems.

Construction of new buildings has led to a more efficient California, with builders factoring environmental impacts into their plans. Existing structures can benefit from upgrades that will make them competitive with modern buildings. To know what to upgrade, though, it's best to start with an energy audit.

The audit should include a review of your property's energy consumption. Auditors will look over your electric and gas bills to see where your energy is going. They'll also take a look to see where your property is drawing in fresh air. They'll determine whether or not the air is compromising the efficiency of your heating and cooling systems. 

Insulation inspection is another aspect of an energy audit. Because insulation is such a cost-effective way to improve a structure's energy efficiency, auditors will a thorough visual evaluation of your existing insulation. They may also break out thermal imaging equipment to determine if there are any trouble areas.

If you're hoping to invest in your property and save some cash in the long run, an energy audit is a worthy endeavor.

- Scott Safadi, Cal Bay Property Management


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