### Submetering Utilities in RV Parks

Utility costs are one of the largest operating expenses for campground owners. Submetering is a proven way to reduce costs and boost valuation.

#### The Math of Submetering
When guests pay for their own electricity, they tend to conserve. Research shows that submetering reduces electricity usage by 20% to 35%.

#### Value Boost Example
If submetering saves $1,000 per month ($12,000 per year) in utility expenses, and the park is valued at an 8% cap rate, your property valuation increases by:

$$\text{Value Increase} = \frac{\$12,000}{0.08} = \$150,000$$