View Single Post
Old 02-28-11, 06:08 PM   #1
menaus2
Apprentice EcoRenovator
 
Join Date: Feb 2011
Location: Driftless Region, North America, Earth, Solar System, Orion Arm, Milky Way Galaxy,Virgo Supercluster
Posts: 116
Thanks: 13
Thanked 34 Times in 25 Posts
Question Energy Efficiency Flat Rate Apartment Profits

I just had a hypothetical project idea and wanted to run it by you guys to get a gauge on the feasibility.

So here it is... I'm planning on buying on foreclosed short-sale properties that are in good structural condition here in Wisconsin. Somewhere around a 20% discount. Then rent them out at somewhere around a 5 year buy back. Now here's the twist. Drop some money on blown-in insulation for the attic and wall cavities, ~6in external EPS insulation (treated with fire retardant straight from Chinese manufacturer), and energy efficient windows (high cost but need to be replaced anyways from local amish) to roughly passivehaus standards. I have considerable construction experience so I can eliminate most of the labor costs. But I charge the renter a flat heating fee above the actual heating costs to pay back the improvements. (Renewable electricity is Electricity is high entropy so I don't think its worth it, plus waste electric heat will hep offset heating costs. Saving up for a ~$1000 IR camera to to avoid energy consultant costs (who needs them anyways ). On the upside labor and consulting costs are negated, it's self financing, and provides renters and myself energy security...

Any glaringly obvious areas I'm missing here?

menaus2 is offline   Reply With Quote