As the renter demographic in the U.S. starts to veer towards younger, the demand for eco-friendly living continues to advance. This trend renders rental property owners and property managers a peculiar opportunity to embrace sustainable practices that can benefit the environment – and your bottom line. Minimizing the environmental impact of your rental property invites more than just conscientious renters. It can, at the same time, reduce operating costs, build up property values, and improve sustainability. Let’s take a closer look at the key sustainable practices every property manager and owner should know to develop greener, more affordably efficient properties that residents will delight in.
Energy Efficiency Upgrades
One of the most unburdensome ways to incorporate green living into your rental property is to bring up to date your energy efficiency. A more efficient property usually creates lower utility bills and a smaller carbon footprint. Multiple examples of simple energy-efficient upgrades you should study about include LED lighting, smart thermostats, and energy-efficient appliances. If you want to go even bigger, consider carrying out a home energy assessment that typically pinpoints other areas for enhancement, for example, leaky windows and doors or inadequate insulation in walls and ceilings. It doesn’t really matter which upgrades you work on, you can use these to easily attract your next environmentally friendly resident.
Realistic Water Conservation Techniques
A large number of people hear “water conservation” and rapidly tune out. Though, for rental property managers and owners, conserving water is a pertinent part of going green. To cite an instance, deem installing low-flow fixtures, replacing old or leaking ones, using water-efficient irrigation in the yard, and investing in drought-resistant landscaping. Landscaping, notably, is an area where most rental houses can make key conservation upgrades. Simply singling out and using native plants well adapted to your area, to cite an instance, can help reduce your water needs, minimize maintenance, and develop a sustainable, eco-conscious property your tenants will fancy.
Waste Reduction and Recycling Programs
Another superb option to attract environmentally friendly renters is to enthusiastically encourage and undertake recycling and other waste management programs. As example, check recycling programs in your area and then provide bins and information to your residents. By making recycling and waste reduction no sweat for them, you can greatly help reduce your disposal costs while undoubtedly appealing to renters interested in reducing their carbon footprint.
Green Building Materials and Practices
One last matter to think about, property managers and owners can engage in sustainable practices by plainly making more deliberate and environmentally friendly choices particularly when repairing or updating their rental property. For example, consider sustainable building and finishing materials, such as bamboo, recycled wood or steel, and low-VOC (volatile organic compound) paints, if you can. Furthermore, you can draw attention to these practices in your marketing materials and clearly explain how they greatly improve indoor air quality and promote a healthy living environment. Plenty of renters will appreciate your concern for their health and your eco-friendly practices.
The Benefits and Challenges of Sustainability
Attentively incorporating sustainable practices into your property management approach can easily bring in tangible benefits for the environment and a healthier cash flow. From energy-efficient upgrades and water conservation modes to publicizing recycling and using eco-friendly materials, green living strategies can improve your property’s value and certainly appeal to current and future residents while reducing long-term costs.
All the same, working on these and other sustainable practices takes time, and comprehending where to start can be perplexing. Therefore, at Real Property Management Platinum, we’re here to help you coerrectly apply these strategies and build greener, more efficient properties in Clovis and nearby. Contact us today or call 559-425-8550 to know exactly how we can help you appropriately adopt sustainable practices that will enormously 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.
