In this fast-moving world, people find themselves in various overwhelming situations. Sometimes, it impacts personal well-being, while at times, it changes living conditions. Many companies send their employees on field projects in different corners of the world. Instead of hotels, they offer them temporary furnished housing to make them feel at home. It facilitates workers with various family and health requirements by providing numerous services.
Although it doesn’t offer 24/7 room service like in hotels, it has everything a person needs at home. From private bathrooms, internet access to housekeeping services – owners are trying to provide people with the best experience. As a result, they are also considering installing HVAC systems in temporary housing. It offers thermal control to comfort people in rough and harsh weather conditions.
In addition to decreasing electricity bills, it is a great way to improve customer service and elevate user experience. Therefore, if you are skeptical about getting these systems, look into it. Here we are unfolding some factors that can help you determine whether installing an HVAC system in temporary houses is worth or not.
1. Estimate Costs
Before anything else, determine your financial capacity and affordability levels. Look into your financial statements and see if there is enough capital to cover the installation costs. Similarly, take a dig at your current operating expenses and business profitability. Measure them against HVAC systems’ projected expenditures – additional rent cost, service, maintenance charges, etc. It will help you apprehend the long-term return on your investment from this equipment.
Besides this, figure out how much companies are willing to pay for short term corporate housing with HVAC systems. If you notice a substantial increase in revenue, feel free to go ahead with this decision. Most importantly, you have to ensure HVAC systems are not impacting the liquidity of your business. It means you must have sufficient cash-in-hand after incurring this expense.
2. Lower Electricity Bills
Whether tenants pay their utility bills or the owner does – HVAC systems can cut electricity bills by 20%. These are smart-energy efficient systems, holding power to reduce your administrative costs significantly. Indeed, the installation costs will be high, but being a smart entrepreneur, give more weightage to long-term benefits. After all, utility bills’ savings can pay off the entire system’s costs in a few months. Analyze your financial statements and see how much percentage of electricity bill consumes out of total expenses. In case it is more significant than 40%-50%, don’t give any seconds to it and start the installation procedure.
3. Choose the Type of HVAC system
Undoubtedly, you will come across many HVAC systems in the market. Before making your mind, explore your choices. Instead of settling for fancy features, make sure the strategy aligns with your requirements and budget. Here are two options.
- Packaged & Split Units: These are AC/furnace units – ideal for places with high temperatures. You can hook the packaged system to the ducks or use split systems if you have space in the basement or attic.
- Heat & Dual-Fuel Pumps: Furnace pumps use gas or oil to heat the air, whereas electric heaters use energy for cooling and heating. If you can’t decide between these two, get duel-fuel systems as they consist of both – fuel and electric systems.
Inspect your property and see which system will fit into it readily.
4. Reduces Environmental Impact
Do you believe in corporate social responsibility? With increasing environmental concerns, companies are putting efforts to play their part in society. Surprisingly enough, installing an HVAC system can help in reducing environmental impact. It uses one-third less fuel than other methods, conserving natural resources. Similarly, it creates zero emissions from electricity as it uses renewable energy. Besides this, your housing facilities can become the go-to option for environmentally friendly companies.
5. Invest in Warranty Programs
The repair and maintenance costs are the only things that keep people away from the HVAC system. Honestly, no one would prefer footing extensive repairing bills after coughing up so much money in the installation process. If overhead expenses hold you back, consider purchasing warranties that will cover repair costs over the years. Thus, if anything goes wrong, you won’t have to worry about any charges. Moreover, negotiate the price of the warranty program with your vendor to get the best deal.
Wrapping Up
These days, temporary housing is becoming increasingly popular for its cost-saving facilities. Therefore, owners have an ideal chance to expand their market share by offering additional amenities. You can get HVAC systems in every room to provide people with a more comfortable living experience. However, instead of rushing over this decision, conduct a cost-benefit analysis to determine whether it is worth investing or not.
