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How to Lower Your Utility Bills when Renting

Dec 06, 2022

Are you wondering how to keep your utility bill low? Some of the best ways to lower utility bills include permanent alterations to the structure of a home. We're talking about replacing old windows to eliminate drafts and upgrading to more efficient HVAC systems. Those aren't options you can realistically follow when renting, but that doesn't mean you have to accept soaring utility bills. 


At GM Holdings, we’re committed to helping you live comfortably when renting an apartment or single-family home. We all battle utility bills in our personal lives, and we know that our renters are also looking for ways to save as much money as possible now that rent prices are on the rise. We put together some valuable tips to help you save on water, electricity, and gas.

How to Lower Your Electric or Gas Bill when Renting

Let’s start with how to keep your electric bill low in an apartment or single-family rental home. Some of these tips are fast, easy, and affordable to implement. Together, they can add up to substantial savings on the electric bill over time.

Change Your HVAC Filter Regularly

If you have an HVAC filter in your rental property, it's important to change it at least every three months. Some filters are designed to last for one month, while others are more durable and can go two or three months between changes.


When HVAC filters get too dirty, they slow or possibly completely stop the flow of air through the system. That means your system works harder to maintain the temperature in your property, which in turn leads to higher electricity bills. You may also end up wearing your system out and facing a breakdown if the filter isn’t changed regularly.

Change the Light Bulbs

Compact fluorescent light bulbs utilize the least amount of electricity when in use. They may cost a bit more than your standard incandescent bulbs, but they will last longer while helping to lower your electric bill.

Reduce Consumption of Hot Water

Appliances are more costly in terms of energy when they're required to heat water to operate. If you can use detergents that work effectively in cold water, you can wash your laundry in cold instead of hot water. Shortening showers or using a bit less hot water when you take a bath may help as well. Keep in mind that even using the steam setting on a dryer can use electricity and increase your bill if used often enough.

Unplug and Turn Off Consistently

Everything plugged into the wall is costing you money. If you have electronics or appliances that you don't use often, unplug them. Turn off the lights when you leave a room, even if you intend to come right back. When you make flipping the switch a part of your daily routine, you won't have to run around the home, turning everything off when you go to bed for the night or leave for work.

Seal Drafty Doors and Windows

If you believe drafty windows or gaps under doors are costing you a lot of lost energy, discuss sealing options with your landlord or property management company. You can use caulk to quickly seal small gaps and holes around drafty windows and place weatherstripping under doors that have cracks. Your landlord may authorize you to make these small repairs or offer to have someone do it for you.


These aren’t major alterations to your rental property, but they are changes that your landlord may want to know about.

How to Lower Your Water Bill when Renting

We've discussed how to lower your electric bill when renting, but what about the water bill? We have a few tips for you there as well.

Wait for Full Loads

The more you run your washer, dryer, dishwasher, and other appliances, the more water and energy you use. You can cut all utility bills by only hitting start when you have a full load. If you do need to wash a small load of laundry, make sure to change the settings on the machine to the smallest load possible. That will limit the amount of water used.

Use the Most Efficient Means Possible for Dishes

Check for Water Leaks Regularly

Your landlord or property management team can't know about water leaks unless you report them. Make it a habit to look under sinks and around the toilet and appliances to check for subtle leaks. It's not uncommon for leaks to go undetected for long periods before they become so bad they're noticeable. The earlier you detect and report a leak, the faster you can fix it and spare your water bill.

Getting Everyone Involved to Trim the Utility Bills

You can try to keep your electric bill low in an apartment or rental home, but you can’t do it alone unless you live alone. If you have children, roommates, or extended family living with you, perhaps it’s time to hold a family or household meeting to discuss your utility bills.


Discuss the importance of conserving energy and how everyone can work together to keep the utility bill low. You may even want to do a full utility bill audit with kids old enough to start learning about financial matters. For adult children and roommates, go into the meeting ready to show the bills so that everyone understands the financial impact on your budget.


You can even challenge your children to devise creative ways to help lower energy bills. They may have items in their room that they can unplug because they don’t use them often. When you present children with a problem, other creative ideas may surface and empower them to think of their own solutions.


Consistency is key regardless of what steps you take to control your energy bills. Small actions like unplugging your cell phone once it is fully charged and turning off lights when you leave a room can add up in the long term.

A dishwasher will use less water than you will when washing dishes by hand. If you don’t have a dishwasher, then take the time to plug the sink and fill it with water before washing all dishes at once. When you wash individual dishes or small batches with the water running continuously down the sink, you’re wasting a lot more water than you realize.

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13 May, 2024
Is your apartment space at a dire premium? Are you knocking over vacuum cleaners or stubbing your toe and busting your kneecaps off jagged furniture edges every second day? Are the walls closing in on you, suffocating you, as though your dwelling is shrinking with each passing minute? Take a breath, reassess, and remind yourself that your claustrophobia is only your here and now and won’t be your forevermore, especially after reading our article. And, no, we’re not saying call a realtor and start looking for a three-story colonial palace. Rather, you can make immediate changes that maximize your apartment space to its fullest extent, dramatically increasing your productivity, comfort, and—yes—your mood. All you need to do is follow our tips below, and you’ll go from living in a shoebox to a penthouse, all without leaving your rental unit. Assess Your Furniture And Adjust Accordingly Furniture isn’t always at the heart of an apartment’s issues with dwindling space. Clutter could be the primary culprit, and in many cases, it is. However, you’ve got to apply logic to your problem-solving, and logic dictates that furniture—by its nature—takes up the most space. Thus, you must explore potential alternatives exhaustively, even if you’re besotten by your decor. First and foremost, it’s time to consider multifunctional and space-saving furniture. The following options ensure your apartment's decor provides optimal comfort while preventing clutter: A storage ottoman with inner compartments will help declutter and clear space, giving you space to store clothing, linens, and other accessories. When space is limited, having a separate sofa and bed is inefficient and superfluous. Thus, if you’re a studio apartment dweller, you should invest in a sofa bed so you can enjoy a good night’s sleep without waking up feeling cramped and squeezed in—once you fold your bed back into its couch form. Similarly, a Murphy bed that folds against the wall provides additional floor space, so you can do yoga, play video games, or do whatever you please with unabashed freedom of movement. Your coffee table need not only be a welcoming surface for your beloved morning cuppas. Many options on the market have storage shelves underneath for decorative items, books, and magazines. In the same vein, consider a compact work desk with built-in cabinets, drawers, and shelves for your stationery supplies and personal documents. Other useful options to consider: Nesting tables. Modular shelves. Furniture with hidden storage. Lightweight foldable chairs. Step stool with a storage compartment. Once you’ve decided on your new furniture, assess the general flow to ensure it jives seamlessly with space optimization. Vertical Space: Every Apartment Owner’s Secret Weapon Space isn’t simply what’s in front or behind us; it’s also what’s above us. As you aim to leverage your space, don’t limit yourself to stagnant horizontal thinking; it’s time to kick things up a notch with a more vertical perspective. Additions to your apartment, like over-the-door hooks, wall-mounted shelves, and tall cabinetry (e.g., bookshelves), all utilize your up-and-down space to its fullest extent. This way, you aren’t wasting any inch your apartment offers. Are there any stairs in your apartment? If so, maximize this vertical space with step baskets and built-in drawers to store books, shoes, and other potential forms of clutter. Search For Your Hidden Gems Your space is your space. While you can undoubtedly maximize it with creative and strategic thinking, you still must play the cards you’ve been dealt. You can’t magically wave a wand and add an extra 500 square feet to your unit. None of this is to discourage you—if anything, it’s a rallying cry, a call to action. You need to delve into your apartment's labyrinth and assess it from all angles. Common “gold mines” of space are furnace rooms, the area under your bed, linen closets, and so on. You can bolster those “hidden gems” of space with carefully purchased items like under-bed storage bins, closet organizers, and portable utility carts for your furnace room. Turn Your Bathroom Into A Free-Flowing Paradise Your apartment might not be a single-standing ‘house,’ but it’s no less your home, and your home is a castle. If your apartment is your castle, your bathroom is your paradise of solitude—your most private area where you can just…relax and be you. Harnessing a restroom’s unique sense of freedom becomes much harder when grooming, hygiene, and beauty items are strewn all over the place. Purchasing a vertical shelving unit (potentially located behind your toilet) gives you an area to store all these items without them overruling your lone place of sanctuary. Also, door-mounted (or wall-mounted) hooks are a must for your wet towels, lest they pile up on the floor and rob you of precious spaciousness. Adding wall-mounted shelving units to your shower can also prevent your bathroom from being overrun by a sea of shampoos, conditioners, soaps, and face washes. Clearing the clutter in your bathroom is crucial, as it's often one of the first places you visit in the morning and your last pitstop before bed. Ensuring the space is welcoming and free-flowing will ensure each day starts and ends on the right note. Getting Down To Brass Tacks: It’s Time To Declutter This tip might be difficult for sentimental apartment owners yearning for more space, but it’s a salient piece of advice. You have to declutter. Often, people will explore every avenue of maximizing their space before getting to the nitty-gritty of getting rid of the things they don’t need. We grasp that minimizing your possessions isn’t easy. Even if you’re not sentimental, eliminating clutter is daunting, and the very notion of it is conducive to rampant procrastination. You still need to declutter, though. If you can’t do it alone, consider deputizing a friend to help you and creating an action plan together. You can also consider hiring a trash or clutter removal company to further streamline the process—many services cater to these needs. Lastly, we must stress the importance of compartmentalization. Highly cluttered apartments will take time to separate the wheat from the chaff entirely. Break it into smaller chunks and steadily eat away at the mess. The Power Of Perception: Harnessing Lighting To Maximize Apartment Space Space–or at least our perception of it—can be an optical illusion, but the magic can most certainly be palpable and real. Apply this form of delightful sorcery to maximize your apartment space with these lighting tricks: Use table lamps, string lights, and floor lights to foster an expansive and cozy atmosphere. Avoid standard overhead lighting options; they’re harsh and make your space feel smaller. Warm, soft lights lend a sense of spaciousness to your home. LED light strips under furniture and along the baseboard will provide depth, adding to the “illusion” of broader living space. Carefully placing mirrors throughout your apartment will further enhance your sense of spaciousness. With these tips, you’re more than equipped to maximize your apartment, turning your diminutive space into a sprawling fortress of comfort. Also integral to maximizing your apartment space is renting a large enough unit for your needs to begin with—an area we’re more than familiar with at GM Holdings. Contact us today to learn more about our listings throughout Philadelphia, or view them for yourself.
Philadelphia skyline on a sunny day
27 Mar, 2024
Philadelphia stands alone among big cities, offering renters a heady mix of cultural vibrancy and cost-efficiency. This distinctive trait is a magnet for those wishing to thrive in central hubs while keeping a tight rein on expenses. However, affordability is relative. While Philadelphia is easier on the budget than somewhere like New York, that doesn’t mean tenants are being offered free rent in the City of Brotherly Love. Depending on your financial circumstances, your job, and the part of the city in which you wish to live, things can inevitably get pricey. Let's delve into the numbers. A Philadelphia apartment costs between $1,277 and $1,887. The monthly living cost in the city—rent excluded— hovers around $1,244 for a single person, increasing to $4,459 for a family of four. While these figures appear daunting, don’t allow them to deter your search for an ideal living space. Regardless of your salary or budget, our budget-friendly tips and tricks will help you navigate the sometimes turbulent financial waters of apartment hunting in Philly. Build Your Battle Plan: Map Out Your Expenses Nobody enters an apartment hunt aiming to overspend. Everyone is looking for the ideal balance of comfortable living and affordability. Achieving this happy medium is much easier in theory than in practice. Society, as we know it, does everything in its power to get you to spend while you're trying to save. Apartment hunting is no different. Landlords are looking to turn a profit, after all. Sticking to a budget while living in a space that offers comfort and meets your standards necessitates an ongoing sense of push-pull. Thus, you must draw up your battle plan. That means mapping out apartment and living expenses, including rent, gas, utilities, credit card bills, insurance, groceries, parking, move-in costs, etc., before you start hunting. Keep these suggestions in mind as you plan your budget: Look for rental costs below 30% of your monthly income to afford other living costs. Investigate the average cost of rent across Philly neighborhoods (beyond our generalized numbers in the introduction) to see what areas best fit your price range. Be realistic. Yes, economic choices are a must, but everybody has their limits. Create an expense and budget plan you’ll actually follow, not one that’s too constrictive. Look For Ways To Cut Costs While not always the case, an apartment with less space will cost less than roomier units in the same building (or neighborhood). The above statement might seem obvious, but consider what it can mean to you as you adhere to a strict(ish) budget on your apartment hunt. First and foremost, how much space do you need? If you live alone or even with one roommate, you might be surprised to learn how little space you require to live comfortably. In this instance, living in a more extravagant neighborhood in a smaller unit might be feasible. Conversely, you can move to a slightly bigger place in a more affordable neighborhood. Or, you can live in a smaller place in a more cost-friendly neighborhood to rack up the savings. Consider, too, how apartment units on the middle floors also cost less because people pay more to live on the top and bottom levels. We’ve already seen the broad range of monthly rental costs, meaning prices can vary significantly. Spend adequate time on local apartment rental websites and platforms to get a genuine feel for the rates in your preferred neighborhoods. Also—ask friends who live in the city what they’re paying. Be tactful with your questions, but don’t be afraid to investigate. This concerns your savings and financial future; your close pals (and fellow renters) will gladly offer insights and data. Negotiate A Discount While some property managers and landlords might not be willing to budge on price, others could have some wiggle room. That said, the worst anybody ever said when asked about a discount was ‘no.’ Even if you’re unsure about the other party’s openness to negotiations, it’s a subject worth broaching. An ideal time to capitalize on a negotiation opportunity is if the unit has some issues or if the building lacks your desired amenities. Depending on the circumstances of your prospective apartment, the following tips might also help you procure discounted rates: Offer to sign an extended lease. Say you’ll prepay months in advance. Suggest a 60 or 90-day termination notice stipulation instead of 30 days. Make it clear you won’t smoke inside the unit. Come to an agreement regarding referrals (e.g., monthly reductions when you refer renters). This works in low-occupancy buildings in need of tenants. Inform your prospective property manager you won’t have any cats or dogs (even if they’re allowed in the building). Another consideration is whether you’d want to live somewhere so willing to offer a discount. Be sure you’re not actually the one getting duped. A unit can need fixing up while still being liveable, but that doesn’t mean you should accept living in a borderline uninhabitable environment to save a few bucks. Get Your Finger On The Pulse: Discover Up And Coming Neighborhoods The discount strategies discussed in the previous section raised a question everyone must ask themselves when budgeting for anything: How much quality is worth sacrificing in the name of affordability? It can be a frustrating battle to fight. Often, saving money on an apartment can feel like you must live in a perpetual state of discomfort. Mitigate this issue by thoroughly researching Philly’s apartment rental landscape and finding diamonds in the rough. To boost these efforts, streamline your search to up-and-coming neighborhoods in Philly. Why should you prioritize up-and-coming neighborhoods while on a budget? These are areas with exceptional places without being oversaturated. Get in on the ground floor before things take off and become less affordable. For instance, you’re likelier to find a cost-friendly, high-quality apartment in on-the-rise Harrowgate than in a more established spot like Rittenhouse Square. Budgeting requires thorough research and a healthy lay of the land. The best way to get a beat on the Philly rental landscape is to tap into resources (like blogs) from industry experts who can steer you in the right direction. Be Aware Of Your Rights As A Renter On your hunt for budget-friendly apartment rentals, you might encounter landlords and property managers trying to exploit your frugal inclinations. They could mistake your cost-consciousness as a weakness and an excuse to trample on your rights. Familiarize yourself with what you’re entitled to as a renter. One of those rights is habitable living circumstances. Your landlord must legally uphold specific standards regardless of what you pay monthly for your apartment. Click here to learn those standards . Conclusion: Philly Is A Haven For Budget-Conscious Apartment Hunters Who Follow Our Tips Follow the tips suggested in this article, and you’ll be surprised at how seamlessly a budget-friendly apartment falls into your lap. Philadelphia is rich with these hidden gems throughout its accessible, culturally vibrant neighborhoods. We’ll reiterate the need for patience and strategy. These cost-efficient living options won’t materialize from thin air. It will take your keen eye, developed through research and careful calculations, to land you in your desired unit. Help your cause further by contacting an industry expert like GM Holdings with your inquiries. We know the Philly apartment rental landscape like the back of our hands and are happy to provide insights to help you save on rent.
27 Mar, 2024
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