We all know about the sun, beaches, thriving economy, and a lack of state income tax. However, we can go ahead and add another reason to move to Florida: heating costs! With the price of virtually everything skyrocketing right now, heating oil is certainly no exception. In fact, it is estimated that a harsh winter in the northern states could drive the price of natural gas up by approximately 50% as compared to last year. According to the Energy Information Administration, nearly half of U.S. households who heat their homes with natural gas can expect higher bills this winter.
A look at the numbers
- If this winter is 10% colder than average, homeowners can expect to pay 50% more than last year
- If this winter is 10% warmer than average, homeowners can expect to pay 22% more than last year
- Natural gas home heating bills from October 1st through March 31st are expected to average $746. (The price for the same period last year averaged $573.)
Summary
Of course, moving to Florida is not an option for most people. If this is the case, it is critically important that homeowners ensure that their heating systems are operating correctly and efficiently prior to the arrival of winter. According to the National Institute of Standards and Technology, improper installation of heating, ventilation, and air conditioning systems can lead to 30% higher energy use. Also, the use of items such as door pillows to plug spaces under the doors can reduce expenses.
At Live South Florida Realty, Inc. we have assisted many clients with their real estate needs. Are you looking to buy or sell a property in South Florida? Now more than ever, it is critical to have a qualified real estate team and the proper search tools behind you. Live South Florida Realty, Inc., has been a leader in the South Florida market for many years. Let our team of professionals assist you with buying or selling your piece of paradise today! In addition, our recently launched “Florida Home Search” app is now available on the Apple App Store and Google Play Store. With real-time MLS feeds, this app lets you set your own alerts to notify you as soon as a property meeting your needs hits the market. Furthermore, it will also let you know of recent closed sales in your area so that you may be even more educated on the market. Be sure to download this app for your smartphone or tablet today!
