As the renter demographic in the U.S. starts to obviously skew younger, the demand for eco-friendly living continues to go up. This trend imparts rental property owners and property managers a remarkable opportunity to embrace sustainable practices that can benefit the environment – and your bottom line. Decreasing the environmental impact of your rental property effectively attracts more than just conscientious renters. It can also, in particular, reduce operating costs, heighten property values, and improve sustainability. Let’s take a closer look at the key sustainable practices every property manager and owner should know to promote greener, more usable properties that residents will want.
Energy Efficiency Upgrades
One of the trouble-free ways to incorporate green living into your rental property is to establish your energy efficiency. A more efficient property generally elicits lower utility bills and a smaller carbon footprint. Some examples of simple energy-efficient upgrades you should assess include LED lighting, smart thermostats, and energy-efficient appliances. If you want to go even bigger, assess fulfilling a home energy assessment that clearly pinpoints other areas for improvement, such as leaky windows and doors or inadequate insulation in walls and ceilings. Heedless of which upgrades you undertake, you can use these to actually attract your next environmentally friendly resident.
Realistic Water Conservation Techniques
A few people hear “water conservation” and directly tune out. Nonetheless, for rental property managers and owners, conserving water is a great part of going green. By way of illustration, go into installing low-flow fixtures, replacing old or leaking ones, using water-efficient irrigation in the yard, and investing in drought-resistant landscaping. Landscaping, foremost of all, is an area where most rental houses can make crucial conservation upgrades. Simply deciding on native plants well adapted to your area, by way of illustration, can help reduce your water needs, minimize maintenance, and make a sustainable, eco-conscious property your tenants will adore.
Waste Reduction and Recycling Programs
Another practical option to attract environmentally friendly renters is to clearly encourage and embark on recycling and other waste management programs. Particularly, search for recycling programs in your area and then provide bins and information to your residents. By making recycling and waste reduction hassle-free for them, you can help reduce your disposal costs while appealing to renters interested in reducing their carbon footprint.
Green Building Materials and Practices
On that note, property managers and owners can take part in sustainable practices by smoothly making more deliberate and environmentally friendly choices whenver repairing or updating their rental property. For example, select sustainable building and finishing materials, like bamboo, recycled wood or steel, and low-VOC (volatile organic compound) paints, whenever possible. Besides, you can take up and highlight these practices in your marketing materials and make clear how they improve indoor air quality and promote a healthy living environment. A good number of renters will appreciate your concern for their health and your eco-friendly practices.
The Benefits and Challenges of Sustainability
Heedfully incorporating sustainable practices into your property management system can impart tangible benefits for the environment and a healthier cash flow. From energy-efficient upgrades and water conservation styles to favoring recycling and using eco-friendly materials, green living strategies can improve your property’s value and greatly appeal to current and future residents while reducing long-term costs.
But, as a matter of fact, undertaking these and other sustainable practices takes time, and taking into consideration where to start can be really challenging. Given this reason, at Real Property Management Pioneer, we’re here to help you comply with these suggestions that lead to greener, more efficient properties in Lewisville and nearby. Contact us today or call 940-435-2526 to hear how we can help you adopt sustainable practices that will exceedingly 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.
