The ROI on house flipping is the highest it’s been in 20 years. So, if you are in the market to flip a house, now is an excellent time.
You need to consider many things if you are going to enter the house flipping game. One, in particular, is the home’s energy sources. If you are flipping a house, there are several reasons why you should choose residential propane.
Take a look at these five reasons.
Propane does more than fuel the grill. Some homes run many different appliances using propane. It’s versatile enough to run both a boiler and a furnace, and it can also power your dryer and your stove. It can run quite a bit in a home.
- Pool heaters
- Backup generators
- Space heaters
When you commit to residential propane as your energy source, you are not limited in what you can run.
Another attractive feature of propane is its cost. The cost of your water heating bill alone could reduce as much as $175/year if you use propane instead of electric or natural gas. That’s just one utility.
Also, propane is a much more efficient fuel than natural gas or electricity. Proponents of electric or natural gas might argue that propane has higher per/unit prices. While this is correct, they fail to mention that propane is sold by the gallon while natural gas is sold by the cubic foot. So, in essence, it lasts longer because you get more upfront.
On big selling point to many homebuyers is how “green” a home is. Propane is a certified Green Fuel, which means homeowners reduce their carbon footprint.
If you opt to use propane, you could market the house you are flipping as green by listing the following facts.
- Propane has 60% less carbon monoxide than natural gas.
- Propane emits 20% greenhouse gasses than natural gas.
- Propane has 20% less nitrogen than natural gas.
If you are flipping a house, you want to get in, get it fixed up and get it on the market. So if you are dealing with a home that is not already equipped with natural gas, you could be taking on a considerable expense if you try to bring in natural gas piping. An estimated cost is between $10,000-$20,000.
If you opt for propane, you don’t have to spend that money to get the house on the market.
When people are shopping for a house, they want everything to work. Electric powered appliances and heaters stop working then the electricity goes out. Homes that use propane to run those vital appliances are not affected in the event of an outage.
Flipping a house is no easy task. It takes hard work and planning. If you plan well, you can get the house in move-in condition, on the market, and sold. All you have to do is know that buyers want to save money. Propane is definitely a way to save money!