Hello,I am looking looking at purchasing a 12 unit property made up of 2 buildings 6 units per building. Currently the units are not separately metered for utilities. Does anyone have any idea rough estimate how much I need to budget for separately metering each unit? or has anyone gone through this situation and can speak on the process and the costs associated? Thank you in advance for your time.
I'm in NY and here for a 6 family house, just for the electricity, you would be in for a fairly large project. You would need to bring power into a common area, utility room, then put in 6 separate meters for each apartment. From there you would need a main electrical panel to then feed a sub panel in each apartment. After the line is run from the main panel to the sub panel, the sub panel would need to be incorporated into the existing apartment wiring. This often creates lots of holes in walls. With that said I'm not an electrician. That's just the jist of how I see it.
The most cost effective option @Alex Babayev is implementing RUBS (Ratio Utility Billing System). Need to make sure the county/state in which the property is located has the laws in place to support RUBS but essentially you plug in the # of bathrooms, bedrooms and # of occupants for each unit into a spreadsheet. Add-in the master utility bill and it generates each unit's portion you can then bill back. Best of luck!
Thank you @Jay Helms - I will look into this :)
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