A lot of property managers feel hesitant to spend money on something that does not have an immediate benefit or fix an immediate problem. However, sometimes you have to spend some money to save it in the long run, and certain property improvements can easily pay for themselves in the long run by decreasing your water bill, energy costs and even your insurance payments. In this blog we will go over some property improvements that you can make to move your bottom line and make your property more profitable.
A big part of your water bill, especially in the summer months, goes towards making sure your lawn and outdoor plants stay looking green and beautiful. Although this is not something that should be avoided, you can make a few changes to your yard that will lessen the burden on your water bill. Replacing certain grassy or planted areas with things such as pea gravel, turf, or river rock can reduce the amount of water and maintenance needed to keep your lawn looking its best. This improvement will not only help your bottom line by saving you money on your water bill, but it will also save you time since many water friendly landscaping options require little to no maintenance. If this is not an option you are interested in pursuing, consider looking into plants which require less regular watering, since making this change alone can have a noticeable impact on your water usage.
Your energy bill is something every property manager wishes were lower, luckily a few improvements can make this dream a reality. Replacing things like insulation, caulking, weather stripping and door skirts will ensure the hot or cool air you are sending into your property is not escaping into the outside world and costing you money. On the flip side, any of these things being damaged or non-existent will allow air from the outside world into your property. This will cause your HVAC system to work harder than it needs to, adding unnecessary wear and tear to your HVAC systems and increasing your energy bill. Another way you can help your energy bill is by purchasing a programmable thermostat, which can turn down the heating or cooling on your property at night time or outside of normal business hours. Finally, an easy way to save on your energy bill is choosing energy efficient appliances when it is time to replace them. Energy efficient appliances will be labeled as such in the store, so make sure to keep a look out for that label when looking to replace aging appliances on your property.
Another great way to lower your water bill is replacing toilets, faucets, and shower heads with low flow models. These contain aerators which replace a portion of your water with air, lowering your water usage while keeping the water pressure constant. This kind of improvement will help you to lower your properties water usage without changing or taking away from your tenants current quality of life. A great thing about this improvement is that it is relatively cost effective, easy to do, and pays for itself much quicker than many cost saving measures.
If you do an audit of your property’s safety and security features, you may find that they are in need of an upgrade. Installing a home security system, updating your smoke and carbon monoxide detectors, and replacing / repairing your roof are all great options to increase your properties protection. These things can even make your property more secure from your insurance companies perspective, which may lead to you getting some money shaved off your payments.
North York, ON
We a full service general contracting firm, providing services to institutional property management firms. Our customers are Quadreal, BentallGreenOak, Morguard, Epic, Manulife, etc. We specialize in commercial, retail, office, industrial and residential assets. We also have in house emergency flood and fire emergency response. We are insured and bonded. Our trades are the best at their craft and we raise above all by providing tailored services on time and on budget.
Winnipeg Building & Decorating Ltd. (WBD) is a full service general contracting company; specializing in insurance restoration, commercial renovations, and new construction. On all projects, our mission is to exceed customer expectations and deadlines, while ensuring our projects are completed with the highest degree of quality workmanship. Locally owned and operated in Winnipeg, Manitoba, WBD was founded in 1953 by Donald T. MacAngus. We have been proudly serving the Winnipeg community with steady growth for over 65 years.
North York, ON
KP Construction is a privately held General Contracting and Construction Management firm located in Toronto Ontario. KP has been offering construction and construction management services in Ontario since 2010. Our goals are to offer our clients, dependable, versatile and consistent construction services for their projects. To date we have completed several private and public sector construction projects. Our team offers a wide variety of construction management services including, renovation and new construction for commercial, institutional, residential, retail and industrial facilities.
AMB General Contracting Ltd
AMB General Contracting Ltd can facilitate it all, from a simple painting job, bathroom renovation to extensive renovations in vacant or occupied units and all buildings common areas. We are WSIB Certified and carrying a general liability insurance that meets any renovation requirement.
Prostar has been offering consistently reliable services of the highest quality to customers throughout the Lower Mainland since 1997. We specialize in commercial and large residential projects such as strata and co-op buildings, high-rise and low-rise apartment buildings, office buildings and shopping malls as well as many of our finest local Hotels. We are pleased to offer references from many of our satisfied customers among the various government agencies, major Hotels, school boards, property management companies, co-op and strata corporations operating in our area. Prostar is a member of the Better Business Bureau, Recommended Trade Supplier and Associate Member of BCAOMA (BC Apartment Owners and Managers Association), member of PDCA (Painting and Decorating Contractors of America), Associated Business Member of CHOA (Condominium Home Owners Association), and is fully bonded and insured with five million dollars of liability insurance and WCB coverage.
Richmond Hill, ON
Solid General Contracting is a full service, national provider focused on the multifamily housing sector. Solid General Contracting partners with our clients by providing a quality finished product and a return on investment through increased asset value.
We have over 20 years of experience and are a leading provider of construction and renovation services across the GTA. We strive to provide excellent care, punctuality and a high degree of quality to each and every project.
General Contractor Insuite Full Apartment Turnovers Insuite Service work Fire Floor Mold Asbestos Restorations Complete Building repositioning Design and Build
Who We Are Located in the Greater Toronto Area, we are a registered Ontario Corporation with a team of highly qualified professionals that posses over 17 years of experience as General Contractors. We provide the highest quality services and solutions for all common areas of multiunit residential and commercial buildings. We also specialize in custom indoor and outdoor renovation services. Our team of professionals are friendly and experienced in project management and guaranteed timely, cost effective and quality work. All of our team members are non-union WSIB insured workers. We only employ experts in the fields to deliver the highest quality of work from start to finish. We are efficient in addressing the specific needs of each job and are eager to share our expert advice. At Desa Contracting Inc., we believe no job is too big or too small. Our Vision Our vision is to deliver top-quality work that consistently meets standards of professionalism, reliability and integrity. We strive to build trusting relationships with our clients based on ethics, honesty and respect. Our Mission By implementing best practices in project management and general contracting, we promise a worry-free turnkey service. In all of our projects, we use the highest quality materials and tools while we strive to meet and exceed the expectations of our clients. We understand that building maintenance and repair can have an impact on our clients, their families, neighbors and pets. In agreement with our clients, we aim to contain noise level and working hours while keeping a safe environment and providing the highest standards of quality. We are 100% committed to all projects and guarantee open communication and involvement at all times.