As the renter demographic in the U.S. starts to incline towards younger, the demand for eco-friendly living continues to rise up. This trend offers rental property owners and property managers a notable opportunity to embrace sustainable practices that can benefit the environment – and your bottom line. Lowering the environmental impact of your rental property attracts more than just conscientious renters. It can supplementarily reduce operating costs, raise property values, and improve sustainability. Let’s take a closer look at the key sustainable practices every property manager and owner should know to effectively develop greener, more functionally efficient properties that residents can be fond of.
Energy Efficiency Upgrades
One of the most manageable ways to incorporate green living into your rental property is to boost up your energy efficiency. A more efficient property often contributes to lower utility bills and a smaller carbon footprint. Some common examples of simple energy-efficient upgrades you should ponder on using include LED lighting, smart thermostats, and energy-efficient appliances. If you want to go even bigger, mull over executing a home energy assessment that commonly pinpoints other areas for transformation, by way of illustration, leaky windows and doors or inadequate insulation in walls and ceilings. Without regard to which upgrades you take on, you can use these to delight and attract your next environmentally friendly resident.
Realistic Water Conservation Techniques
Many people hear “water conservation” and, without delay, just tune out. But, for rental property managers and owners, conserving water is a key part of going green. For instance, examining installing low-flow fixtures, replacing old or leaking ones, using water-efficient irrigation in the yard, and investing in drought-resistant landscaping. Landscaping, definitely, is an area where most rental houses can make considerable conservation upgrades. Simply picking out native plants well adapted to your area, for illustration, can help significantly reduce your water needs, minimize maintenance, and generate a sustainable, eco-conscious property your tenants will actually like and enjoy.
Waste Reduction and Recycling Programs
Another manageable option to attract environmentally friendly renters is to earnestly encourage and be actively involved in recycling and other waste management programs. Search for and scrutinize any recycling programs in your area and then provide bins and information to your residents. By making recycling and waste reduction really easy for them, you can help massively reduce your disposal costs while appealing to renters deeply interested in reducing their carbon footprint.
Green Building Materials and Practices
One final matter to consider, property managers and owners can start engaging in sustainable practices by just making more deliberate and environmentally friendly choices particularly when repairing or updating their rental property. For example, as an illustration, choosing sustainable building and finishing materials, namely bamboo, recycled wood or steel, and low-VOC (volatile organic compound) paints, if possible. Then you can give particular attention on these practices in your marketing materials, and shed light on how they greatly improve indoor air quality and promote a healthy living environment. A lot of renters will appreciate your obvious concern for their health and your eco-friendly practices.
The Benefits and Challenges of Sustainability
Meticulously incorporating sustainable practices into your property management routine can bring about tangible benefits for the environment and a healthier cash flow. From energy-efficient upgrades and water conservation schemes to promoting recycling and using eco-friendly materials, green living strategies can improve your property’s value and highly appeal to current and future residents while reducing long-term costs.
But, really, applying these and other sustainable practices takes time, and knowing exactly where to start can be quite confusing. That’s precisely why, at Real Property Management Innovation, we’re here to help you undertake these strategies and develop greener, more efficient properties in Valley Stream and nearby. Contact us today or call 516-570-9275 to comprehend how we can competently help you effortlessly adopt sustainable practices that will hugely benefit your properties, residents, and the planet.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
