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Updated almost 8 years ago,
How to Estimate Utilities?
Hi, I'm looking to buy a 2 family in the near future and house hack it by living in the 2 BR unit, leaving the 3 BR unit to rent.
Right now I am trying to estimate on utilities, and this is proving tough for me: all of my prior living situations have been with roommates that have had some big elements of waste in my opinion: roasting thermostat heat in a drafty house, forgetting to turn lights and appliances off. Also, I've never lived in areas where I had to pay water (part of rent). In short, I don't feel like I can trust my estimates because there are so many variables from the past.
Is there a rule of thumb for estimating electric/water/heat? I want to provide my future tenants with a good estimate, and also budget correctly when looking at homes.