Connecticut Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Sub-metering Water in Connecticut
Hi everyone, I'm looking at a 3-unit in New London. During due diligence I've discovered that the water/sewer costs average $180/month for the building. This sounds high to me. The town confirmed that there are usage spikes (2X) in the Summer, probably filling kiddie pools or similar. The town also said that the usage is nearly twice that of an identical property next door. My questions for the community:
- Do the costs sound out of line?
- Does anyone have experience with sub-metering water in CT? How did it go?
- Any other thoughts to bring down the costs? I'd like to cut them in 1/2 to better align with my pro forma and what appear to be local averages.