Why The Cost To Install The Smart Water Valve Propel NOI, And Is Won Back On ROI
Oct 23, 2020
As a property owner or manager, how many times have you look to chop your utility fees to start crunching back on your net operating income (NOI)? Countless times…
As a property management company, property owner, home association committee or new building developed, digging deeper into your premises utilities is always a natural place to start to increase efficiency and improve your Net operating income (NOI). After all, utility fees represent 10-30% of a property’s (building’s) operating budget – inclusive of your water charges. By bringing down water costs and by using intelligent water technologies, you can improve premises water management expenditure and add value, through revenue generation. However, it is difficult to generate revenue from a water management investment if you don’t have exposure to the right technologies available to save on water and importantly, water fees – thereby securing the best return on your investment (ROI), especially in cases when you have to give an account to someone else.
With Water Solutions Technology’s unique water management team device and technologies you can consolidate all your premises water need using a single device and service. Make the most of analysed historical water fees, detailed billing system audits and sustainable technology recommendations (water fee saving valves). This will save your Engineering and Pluming team from managing difficult pipe replacement, shut down times and establish worthwhile saving opportunities.
Let’s review the key ways ROI can be gained and impact your NOI using the new services and unique technology available in water management right now.
How can you improve your asset value ?
Uncover a solid starting point to begin establishing savings on water fees, by historical tracked and analysed data. Capture when you have used the largest volume of water that reflects the highest fees, and we will implement water management strategies to help you cut that cost. We will also communicate with the City or water provider for a refund if you were billed incorrectly. Lowering water utility costs results in predictable increases in NOI, which you can then reinvest in your property to increase asset value. A recent study by the U.S. Environmental Protection Agency, shows that 35,000 buildings that adopted the benchmarking approach to energy performance save energy and reduce costs. The financial benefit of this benchmarking showed that a utility savings of 2.4% in a 500,000 square foot building for three consecutive years would translate to a cumulative energy cost savings of approximately $120,000, and an increase in asset value of over $1 million. The water profitable valve that Water Solutions Technology offers can save up to 40% on the water fees each month. A case study done using the valve to lower water fees on a mid to high-rise building translates to savings of over $100,000, in a single year, which further propelled the asset value to a very lucrative sum. The valve also pays for itself under a certain number of months (12-16) – an example of the valve system with a very short ROI.
Less Maintenance
Intelligent management system smart water valve will allow you to, cost-effectively reduce the problems associated with pipe fixtures due to extreme incoming water pressures, and reduce water usage by supplying water at the right flow rates through all pipe systems
This single valve delivering these benefits is also maintenance free. Because it is far cheaper to manage (labour costs) and maintain (repair costs, $0 ), in the long run outweighs the cost to install a properly integrated water management system, with confidence.
Do you want to Lower your water fees, to improve your net operating income (NOI)? Contact the Water Solutions Technology team to arrange a free no-obligation consultation with our Water Engineering and Audit Specialists.