With recent predictions that energy costs may increase by as much as 40% over the next few years, what percentage of your utility payments equate to your mortgage payment? If you do not have a mortgage payment, bear with me.If your mortgage payment is $1200 per month and your utilities such as water, electrical, gas or oil is on average $360 per month, then you are paying 30% of your mortgage cost to live.
So what, you may ask. With fixed income people, it's a big deal. If you are thinking of purchasing real estate it would behoove you to know exactly what the utility costs are.
If you plan to stay in your present home, it would be wise to concentrate on how you can control your energy costs and yet be comfortable. When you did decide to list your home for sale in London Ontario, your conservation saving improvements will warrant a better price than a home that does not conserve energy.
When buying real estate in London Ontario, do not just look at the price. What is it going to cost to maintain it?
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