Increasing water and sewer expenses are frequently the largest variable expense for multi-family residential projects; but they are beyond the control of the owners because it is the individual residents who determine how much water is used. Reducing water consumption is a critical aspect of gaining control over water-related expenses, and water submetering is a very effective water conservation strategy which benefits all parties involved.
SUBMETERING BENEFITS MULTI-FAMILY RESIDENTIAL OWNERS 1. Apartment owners improve their profitability and ROI by eliminating their single largest variable expense 2. HOAs improve their budgeting accuracy and reduce overhead expenses by shifting accountability and cost to the end-user 3. For HOAs, there is improved HOA Dues stability, future increases in residential water use do not impact general fund expenditures 4. Opportunities for reduced irrigation expenses 5. Improved resident satisfaction from more equitable assignment of costs and improved sense of control over individual unit expenses
SUBMETERING BENEFITS INDIVIDUAL RESIDENTS: 1. Greater control over individual expenses 2. Equitable distribution of water expenses eliminates frustration generated by cost- sharing or ratio-based allocations 3. Improved HOA Dues stability, increased residential use by others does not impact geneal fund expenditures or HOA Dues
A study by the National Multi-Housing Council concludes that: water consumption decreases from 18 to 39 percent when consumption is individually metered