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Updated about 5 years ago on . Most recent reply
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Average Utility Costs - Binghamton Investors
Hello everyone.
Wanted to get the take of others, what utility costs have looked like for you in the Binghamton (or surrounding) areas on your rentals. Obviously asking for an average would be difficult as this may drastically vary per rental unit and whether it is residential vs student rentals. Do these numbers tend to greatly vary per month or marginally? Another post with @Stephanie Jacobson gave a great tip regarding one contacting NYSEG to get general estimates on prior months average utility costs. Prior to doing this, is there a rule of thumb you follow allowing you to estimate (for example: electricity / gas / water / per unit, cost) before going into further detail such as using the tip Stephanie suggested? Just to get a basis of what costs may be before diving into deeper / more accurate analysis?
Thanks,
Ademir