As the renter demographic in the U.S. starts to swerve towards younger, the demand for eco-friendly living continues to surge. This trend gives rental property owners and property managers a special opportunity to embrace sustainable practices that can benefit the environment – and your bottom line. Lessening the environmental impact of your rental property definitely attracts more than just conscientious renters. It can specifically reduce operating costs, augment property values, and improve sustainability. Let’s take a closer look at the key sustainable practices every property manager and owner should know to cause greener, more manageably efficient properties that residents can feel crazy about.
Energy Efficiency Upgrades
One of the most straightforward ways to incorporate green living into your rental property is to update your energy efficiency. A more efficient property normally generates lower utility bills and a smaller carbon footprint. Numerous examples of simple energy-efficient upgrades you should seriously consider include LED lighting, smart thermostats, and energy-efficient appliances. If you want to go even bigger, weigh on administering a home energy assessment that mostly pinpoints other areas for enhancement, for instance, leaky windows and doors or inadequate insulation in walls and ceilings. Disregarding which upgrades you decide to execute, you can use these to enchant and attract your next environmentally friendly resident.
Realistic Water Conservation Techniques
Certain people hear “water conservation” and quickly tune out. Still, for rental property managers and owners, conserving water is a significant part of going green. For example, take into consideration installing low-flow fixtures, replacing old or leaking ones, using water-efficient irrigation in the yard, and investing in drought-resistant landscaping. Landscaping, precisely, is an area where most rental houses can make salient conservation upgrades. Simply taking native plants well adapted to your area, by way of example, can help reduce your water needs, minimize maintenance, and in turn, create a sustainable, eco-conscious property your tenants will relish in.
Waste Reduction and Recycling Programs
Another excellent option to attract environmentally friendly renters is to actively encourage and go into recycling and other waste management programs. To cite an instance, examine recycling programs in your area, and then provide bins and information to your residents. By making recycling and waste reduction not difficult for them, you can immensely help reduce your disposal costs while certainly appealing to renters interested in reducing their carbon footprint.
Green Building Materials and Practices
Lastly, property managers and owners can get in on sustainable practices by simply making more deliberate and environmentally friendly choices particularly when repairing or updating their rental property. For example, pick out sustainable building and finishing materials, namely bamboo, recycled wood or steel, and low-VOC (volatile organic compound) paints, if it is possible. Likewise, you can easily highlight these practices in your marketing materials and expound on how they improve indoor air quality and promote a healthy living environment. Countless renters will appreciate your concern for their health and your eco-friendly practices.
The Benefits and Challenges of Sustainability
Suitably incorporating sustainable practices into your property management approach can bring in tangible benefits for the environment and a healthier cash flow. From energy-efficient upgrades and water conservation actions to pushing recycling and using eco-friendly materials, green living strategies can improve your property’s value and positively appeal to current and future residents while reducing long-term costs.
But, of course, dealing with these and other sustainable practices takes time, and distinguishing where to start can be tough and challenging. This is why, at Real Property Management Metro, we’re here to help you easily implement these methods and develop greener, more efficient properties in Columbia and nearby. Contact us today or call 410-290-3285 to see how we can help you properly adopt sustainable practices that will extremely 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.
