As a real estate expert in Derry, New Hampshire, I have been asked countless times about the average utility costs for properties in this area. It's no surprise - utility costs can greatly impact a homeowner's budget and ultimately, their decision to purchase a property. In this article, I will provide an in-depth analysis of the average utility costs for properties in Derry, New Hampshire, and what factors may influence these costs.
The Cost of Electricity
Electricity is a necessity for any property, and the cost of electricity can vary greatly depending on location. In Derry, New Hampshire, the average cost of electricity is $0.19 per kilowatt-hour.This is slightly higher than the national average of $0.13 per kilowatt-hour. However, it is important to note that the cost of electricity can also vary depending on the type of property. For example, single-family homes in Derry typically have a higher electricity cost compared to multi-family homes or apartments. This is because single-family homes tend to be larger and require more energy to heat and cool. Additionally, older homes may have outdated electrical systems that are not as energy-efficient, resulting in higher electricity costs. Another factor that can influence the cost of electricity is the type of heating system used in the property.
In Derry, many homes use electricity-powered heating systems, which can significantly increase the cost of electricity during the colder months.
The Cost of Water
Water is another essential utility for any property, and its cost can also vary depending on location. In Derry, New Hampshire, the average cost of water is $4.50 per 100 cubic feet. This is slightly higher than the national average of $3.70 per 100 cubic feet. Similar to electricity, the type of property can also impact the cost of water. Single-family homes typically have a higher water cost compared to multi-family homes or apartments.This is because single-family homes tend to have larger yards that require more water for maintenance. Additionally, the age of the property can also play a role in the cost of water. Older homes may have outdated plumbing systems that are not as efficient, resulting in higher water costs.
The Cost of Gas
Gas is another utility that is commonly used in properties for heating and cooking. In Derry, New Hampshire, the average cost of gas is $1.50 per therm. This is slightly lower than the national average of $1.60 per therm. Similar to electricity and water, the type of property can also impact the cost of gas.Single-family homes typically have a higher gas cost compared to multi-family homes or apartments. This is because single-family homes tend to be larger and require more energy for heating. Additionally, the type of heating system used in the property can also influence the cost of gas. In Derry, many homes use gas-powered heating systems, which can significantly increase the cost of gas during the colder months.
The Cost of Trash and Recycling
Trash and recycling services are another essential utility for any property. In Derry, New Hampshire, the average cost for trash and recycling services is $30 per month.This is slightly higher than the national average of $20 per month. The cost for trash and recycling services can vary depending on the type of property. Single-family homes typically have a higher cost compared to multi-family homes or apartments. This is because single-family homes tend to generate more waste compared to multi-family homes or apartments. Additionally, the location of the property can also impact the cost of trash and recycling services. Properties located in more rural areas may have higher costs due to longer travel distances for waste management companies.
The Impact of Energy-Efficient Features
As mentioned earlier, the age and type of property can greatly influence the cost of utilities.However, properties that have energy-efficient features can help reduce these costs in the long run. For example, properties with solar panels can significantly reduce the cost of electricity. In Derry, New Hampshire, there are many incentives and tax breaks available for homeowners who install solar panels on their properties. This not only helps reduce utility costs but also adds value to the property. Other energy-efficient features such as energy-efficient windows and appliances can also help reduce utility costs. These features may require a higher upfront cost, but they can result in significant savings in the long run.
In Conclusion
The average utility costs for properties in Derry, New Hampshire, can vary depending on several factors such as location, type of property, and age of the property.However, it is important to note that there are ways to reduce these costs through energy-efficient features and taking advantage of incentives and tax breaks. As a real estate expert, I always advise my clients to consider utility costs when purchasing a property. It is important to not only look at the initial cost of the property but also consider the long-term costs associated with utilities. By understanding the average utility costs for properties in Derry, New Hampshire, buyers can make informed decisions and ensure that their budget is not stretched too thin.
