I wanted to post a question, and the following is some information which I think is necessary to know first.
We are a small, 15 unit brownstone coop building and are considering doing some minor plumbing work to change our individual gas meters (dedicated to cooking only) to a single meter. This would presumably garner individual tenants a combined net savings of $1750/yr (partially kicked back to coop reserves), since it seems that a very large part of our individual monthly gas bills is for service of individual meters and carry charges and not for the actual gas usage. Apartments would still have their own shut off valves, in case isolated work was necessary on an individual line.
Our calculations are that we would recoup the costs for the plumbing work within a couple of years, and then the coop would get $1000/yr additional directly to our reserves.
SO… my question. Someone in the building felt that this alteration could negatively affect the re-sale value of an individual’s unit. Can anyone here offer informed feedback on this issue? And otherwise if you have any comments about this plan, please feel free to chime in.
