How to save $200 on air conditioning (for people who live in a condo)
When you’re living in a condominium, you’re getting more of the same, but with the added benefit of cooling the apartment, according to a recent study.
“When it comes to air conditioning and air conditioning services, we all have different expectations,” said Rachel Kann, a professor of marketing at University of North Carolina, Chapel Hill.
Kann says it’s not uncommon for people to have an inflated expectation of air conditioning.
“If you’re paying $400 a month, $400 for air conditioning is very affordable,” she said.
“But if you’re buying for $200, it becomes really expensive, and people are really upset because they’re going to have to buy new equipment to keep it up.”
The study analyzed data from the National Association of Realtors (NAR) and the National Home Builders Association.
They looked at the cost of air conditioners in four types of units: standard, compact, small, and large.
“Our study is not meant to be a blanket statement,” said Katherine Miller, an attorney with Kann & Miller.
“We were just looking at the data in general terms, and what was affordable for the average person.”
According to the NAR, standard units cost $350 a month; compact units cost only $400.
The study found the average cost of a standard air conditioner was $4,800, while the average for compact was $3,400.
Small units cost an average of $1,200 a month.
“People don’t think about how much air they’re paying for,” said Miller.
When people are not paying for air conditioning, they’re not paying at all.
That’s a big change.
Miller says the average price of air-conditioning services varies widely based on location, and that’s where a lot of people’s savings are going.
“Most people are paying the same amount for air-condenser units,” she added.
The researchers say if people do end up paying more for airconditioning than they should, it’s because of an error.
“In some cases, we’re just mis-reporting the amount that people actually paid,” said Kann.
“That’s because they have a false sense of security that air condition was really cheap.”
Kann’s study did not include the costs of air conditioned bathrooms.
“A small amount of people don’t want to go to the bathroom at all, so it’s really easy for them to be overcharged,” she explained.
“They just don’t go.”
It’s also important to keep in mind that the research shows people can save money if they follow the advice in their condo brochures, Kann said.
The fact is, if you live in an air-con, you probably shouldn’t be charging $400 to $600 for air.
Kanna said she’s not surprised people are overpaying for air conditioned units.
“It’s a luxury,” she laughed.
“I don’t know that it’s a necessity.
It’s not something that needs to be an expense, but if you don’t pay it, you don’ t need it.”
Kanna also said she believes the majority of people living in condos are paying about $1 million for air con, so she’s surprised many people aren’t.
“My clients are paying $2,000 for air condenser units, which is crazy,” she joked.
“The average price I get for aircon units in my condo is $400, and they’re overpaying.”