As the renter demographic in the U.S. starts to plainly skew younger, the demand for eco-friendly living continues to expand. This trend confers to rental property owners and property managers an unexpected opportunity to embrace sustainable practices that can benefit the environment – and your bottom line. Slashing down the environmental impact of your rental property attracts more than just conscientious renters. It can, moreover, 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 establish greener, more affordably efficient properties that residents will fancy.
Energy Efficiency Upgrades
One of the most common and simplest ways to incorporate green living into your rental property is to truly enhance your energy efficiency. A more efficient property usually produces lower utility bills and a smaller carbon footprint. Some commonly known examples of simple energy-efficient upgrades you should examine include LED lighting, smart thermostats, and energy-efficient appliances. If you desire to go even bigger, take into consideration implementing a home energy assessment that generally pinpoints other areas for an upgrade, including leaky windows and doors or inadequate insulation in walls and ceilings. Regardless of which upgrades you do, you can use these to appeal strongly to your next environmentally friendly resident.
Realistic Water Conservation Techniques
A good deal of people hear “water conservation” and, there and then, tune out. But, in actuality, for rental property managers and owners, conserving water is a salient part of going green. As an example, look at installing low-flow fixtures, replacing old or leaking ones, using water-efficient irrigation in the yard, and investing in drought-resistant landscaping. Landscaping, more particularly, is an area where most rental houses can make more pertinent conservation upgrades. Simply using native plants well adapted to your area, as an example, can help massively reduce your water needs, minimize maintenance, and bring on a sustainable, eco-conscious property your tenants will bask in.
Waste Reduction and Recycling Programs
Another achievable option to attract environmentally friendly renters is to highly encourage and personally engage in recycling and other waste management programs. For a case in point, inspect recycling programs in your area and then provide bins and information to your residents. By making recycling and waste reduction simple and not burdensome for them, you can help reduce your disposal costs while appealing to renters very interested in reducing their carbon footprint.
Green Building Materials and Practices
Additionally, property managers and owners can get into sustainable practices, without difficulty, by making more deliberate and environmentally friendly choices especially when repairing or updating their rental property. For example, go for something sustainable building and finishing materials, to cite for example bamboo, recycled wood or steel, and low-VOC (volatile organic compound) paints, whenever feasible. Secondly, you can specially highlight these practices in your marketing materials and describe how they hugely improve indoor air quality and promote a healthy living environment. A lot of renters will certainly appreciate your concern for their health and your eco-friendly practices.
The Benefits and Challenges of Sustainability
Mindfully incorporating sustainable practices into your property management style can result in tangible benefits for the environment and a healthier cash flow. From energy-efficient upgrades and water conservation means to endorsing recycling and using eco-friendly materials, green living strategies can improve your property’s value and appeal powerfully to current and future residents while reducing long-term costs.
But, as a matter of fact, actualizing these and other sustainable practices takes time, and discovering where to start can be baffling and challenging. In this regard, at Real Property Management Now, we’re here to help you pursue these action plans and set off greener, more efficient properties in Grand Junction and nearby. Contact us today or call 970-314-7123 to actually learn how we can help you properly adopt sustainable practices that will tremendously 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.
