Most of the homes we own as rental properties have little to no insulation. Most of these houses were bought from typical “slum lords” that cared as much about their tenants as they did about the squirrels living in the attic.
Our investment strategy is simple. Give people a quality place to live at an affordable monthly rate. And guess what?…..Utility bills play a huge part in whether a home is affordable!
First, you may ask WHY we make energy efficiency upgrades when the tenant is responsible for the utility bills. This is a simple argument. The largest expense suffered by landlords is vacant properties, tenant turnover, and damage caused by unhappy tenants. We try to avoid all three of these by keeping our tenants happy! Happy tenants equal long term leases and commitment to keeping the property in good condition. We want people living in our houses to feel like it is their home. Home is where the heart is 🙂
Summary of work:
1. Seal penetrations from the living space into the attic. ie. wires, lights
2. Add blown-in cellulose in the attic for insulation
3. Add rigid EPS foam and fiberglass batts to rim joists
Cost = $450.00
Value = Lower heating bills and happy tenants
Ok, lets begin with step number one. I like to start in the basement and work my way up! Begin at the rim joists. Buy 2″ EPS foam sheets for $39.00 and R-13 fiberglass batts roll for $16.00. Read the RIM JOIST INSULATING BLOG.
Next, we evaluate weather any insulation can be added within the walls. Some of our houses have bat insulated or cellulose insulation within the wall cavities.
To Be Cotinued….