Water Tanks: Pure Economic value.

[alwayscurious]

Hi there. I am wondering if anyone has put thought into whether or not external "retro-fitted" water tanks actually add rental income value, or capital value?

Scenario:
Existing IP - smallish block of land 3BR, DLUG, Logan area (South East QLD)
Added garden, fence - upped the rent to compensate.
Added A/c on (now gone) tenant request - and negotiated a rent rise to pay off the a/c units.
(rent stayed up too because the units stayed.

Water Tank (not plumbed): Does anyone have experience as to whether they add value to rental income?

Plumbed? Any experience on rental increase VS potential costs of maintenance?

Second Scenario: Currently being Built IP, Southern Bayside.
Was approved before the new rules about mandatory tanks.

Any experience out there?

 

[The Y-man]

Could always advertise it as "Wash your car when you want to your heart's content!"

Cheers,

The Y-man

 

[dave99]

Given water is so cheap, I don't think there's much of an economic benefit. But you get to help the environment. Kind of like air conditioning in your car - it never pays for itself, you just like to have it.