Utility Costs
What is it?
Utility Costs represent the recorded expenses for electricity, heating, water, and other essential utilities required to operate a property. These costs are significant to monitor as they often constitute a major portion of the operational expenses of a building.
How is it calculated?
Cost for utilities
* Only includes selected accounts in settings.
** Includes only net for specified time period.
Why is it important to follow?
Tracking utility costs is crucial for:
Cost control
Utility costs can escalate quickly and represent a large portion of overall operational expenses. Regular monitoring helps identify potential areas for cost reduction.
Efficient energy management
Monitoring these costs allows property owners to identify inefficient resource usage and make necessary improvements to optimize energy consumption.
Budgeting
Accurate utility costs are essential for reliable budgeting and forecasting future expenses.
Sustainability and environmental impact
By tracking energy and water usage, property owners can set goals to reduce their environmental impact and monitor progress on energy efficiency and sustainability initiatives.
Created by Homepal
10/3/2024
Metrics and KPIs
We have standardized and automated the industry's most common KPIs. Activate with one click in our catalog and start analyzing.
A BI tool purpose-built for the needs of the real estate industry
Automate your follow-up and reporting with ready-made key figures and dashboards. Spend your time analyzing and acting instead of cutting and pasting in Excel or waiting a consultant case.
Take a step into the next generation
No gigantic IT project, no system change, no consultants. Activate an add-on solution that has already been refined for many years and with thousands of players in the real estate industry.
