Why is Water Submetering a Great Investment?

WATER SUBMETERING INCREASES THE VALUE OF YOUR PROPERTY
Perhaps the most important reason to install a water submetering system from a financial standpoint, is that it will add value to the asset. By dramatically decreasing your water utility expense, submetering increases Net Operating Income and the property’s CAP rate. By limiting your water and sewer cost to what is used in common areas, your move a substantial area of expense off your books.

IT HAS A RAPID ROI
Water submetering from Kaptech has a rapid payback period and substantial Return on Investment. Your investment in the system installation is typically recovered within the first 12 months, often less. Since our meters last 20 years or more, it is an investment that will pay dividends for decades.

ELIMINATES THE HEADACHE OF ESTIMATING AND ALLOCATING WATER UTILITY COSTS
Estimating changing water utility costs and trying to properly allocate those expenses is a big headache. Whether you use a flat-rate or RUBS allocation method, you’re constantly faced with the task of allocating water costs to the churn of new and existing leases to cover your costs.

YOUR COMMUNITY WILL CONSERVE WATER
Submetering will reduce your property’s water consumption by 15%- 35%. How? When you make your tenants financially responsible for their own water usage they become hyper-aware of the costs. This prompts them to use water more efficiently. They’ll avoid washing dishes and clothes when only half-filled and take shorter showers. Plus, they’ll be more concerned about getting pesky water leaks or running toilets fixed before hundreds or thousands of gallons are wasted.

A GREEN PROPERTY ATTRACTS BETTER TENANTS
A property that utilizes water submetering and that uses less water is perceived as a GREEN community that helps care for the environment. Quality tenants are actively looking for places to live that take this kind of posture towards sustainability. As a result, submetering can help give your property a marketing edge.