As the renter demographic in the U.S. starts to turn younger, the demand for eco-friendly living continues to climb. This trend gives rental property owners and property managers an uncommon opportunity to embrace sustainable practices that can benefit the environment – and your bottom line. Bringing down the environmental impact of your rental property certainly appeals to more than just conscientious renters. It can, on top of that, reduce operating costs, amplify property values, and improve sustainability. Let’s take a closer look at the key sustainable practices every property manager and owner should know to set off greener, more beneficially efficient properties that residents will like.
Energy Efficiency Upgrades
One of the simplest ways to incorporate green living into your rental property is to improve your energy efficiency. A more efficient property regularly sets off lower utility bills and a smaller carbon footprint. Certain examples of simple energy-efficient upgrades you should look into include LED lighting, smart thermostats, and energy-efficient appliances. If you want to go even bigger, contemplate on completing a home energy assessment that, in general, pinpoints other areas for correction, as for instance leaky windows and doors or inadequate insulation in walls and ceilings. Irrespective of which upgrades you perform, you can use these to lure in your next environmentally friendly resident.
Realistic Water Conservation Techniques
Majority of people hear “water conservation” and swiftly tune out. Having said that, for rental property managers and owners, conserving water is a very important part of going green. As an example, mull over installing low-flow fixtures, replacing old or leaking ones, using water-efficient irrigation in the yard, and investing in drought-resistant landscaping. Landscaping, specifically, is an area where most rental houses can make essential conservation upgrades. Simply picking native plants well adapted to your area, as an example, can help reduce your water needs, minimize maintenance, and produce a sustainable, eco-conscious property your tenants will take pleasure in.
Waste Reduction and Recycling Programs
Another nice option to attract environmentally friendly renters is to greatly encourage and get into recycling and other waste management programs. For a case in point, inquire about recycling programs in your area and then provide bins and information to your residents. By making recycling and waste reduction effortless for them, you can help reduce your disposal costs while appealing to renters interested in reducing their carbon footprint.
Green Building Materials and Practices
One last thing, property managers and owners can implement sustainable practices by simply making more deliberate and environmentally friendly choices whenever repairing or updating their rental property. For example, decide on using sustainable building and finishing materials, including bamboo, recycled wood or steel, and low-VOC (volatile organic compound) paints whenever you can. Moreover, you can totally highlight these practices in your marketing materials and describe how they improve indoor air quality and promote a healthy living environment. Multiple renters will appreciate your concern for their health and your eco-friendly practices.
The Benefits and Challenges of Sustainability
Incorporating sustainable practices into your property management method can give tangible benefits for the environment and a healthier cash flow. From energy-efficient upgrades and water conservation systems to supporting recycling and using eco-friendly materials, green living strategies can improve your property’s value and appeal to current and future residents while reducing long-term costs.
But, on the flip side, executing these and other sustainable practices takes time, and actually knowing where to start can be daunting. In light of this, at Real Property Management Greater Madison Metro, we’re here to help you easily implement these projects and give rise to greener, more efficient properties in Madison and nearby. Contact us today or call 608-310-1290 to learn and take into account how we can help you adopt sustainable practices that will 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.
