As the renter demographic in the U.S. starts to slant younger, the demand for eco-friendly living continues to ascend. This trend contributes to rental property owners and property managers an incomparable opportunity to embrace sustainable practices that can benefit the environment – and your bottom line. Trimming down the environmental impact of your rental proper captivates more than just conscientious renters. It can equally reduce operating costs, expand property values, and improve sustainability. Let’s take a closer look at the key sustainable practices every property manager and owner should know to effectively develop greener, more inexpensively efficient properties that residents can be happy with.
Energy Efficiency Upgrades
One of the simplest ways to incorporate green living into your rental property is to spruce up your energy efficiency. A more efficient property consistently generates lower utility bills and a smaller carbon footprint. A number of examples of simple energy-efficient upgrades you should examine include LED lighting, smart thermostats, and energy-efficient appliances. If you want to go even bigger, look at bringing about a home energy assessment that generally pinpoints other areas for improvement, as an illustration, leaky windows and doors or inadequate insulation in walls and ceilings. It does not matter which upgrades you operate, you can use these to easily captivate your next environmentally friendly resident.
Realistic Water Conservation Techniques
Most people hear “water conservation” right away and tune out. Although, for rental property managers and owners, conserving water is a basic part of going green. Take for example, assess installing low-flow fixtures, replacing old or leaking ones, using water-efficient irrigation in the yard, and investing in drought-resistant landscaping. Landscaping, absolutely, is an area where most rental houses can make really considerable conservation upgrades. Simply getting native plants well adapted to your area, as an example, can exceedingly help reduce your water needs, minimize maintenance, and truly create a sustainable, eco-conscious property your tenants will appreciate.
Waste Reduction and Recycling Programs
Another practical option to attract environmentally friendly renters is to ardently encourage and take part in recycling and other waste management programs. For instance, survey recycling programs in your area and then provide bins and information to your residents. By making recycling and waste reduction straightforward and easy for them, you can easily help reduce your disposal costs while definitely 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 be involved in sustainable practices by just making more deliberate and environmentally friendly choices especially in case of repairing or updating their rental property. For example, select sustainable building and finishing materials, such as bamboo, recycled wood or steel, and low-VOC (volatile organic compound) paints, preferably. Likewise, you can highlight and stress on these practices in your marketing materials and disclose how they immensely improve indoor air quality and promote a healthy living environment. Many renters will 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 contribute tangible benefits for the environment and a healthier cash flow. From energy-efficient upgrades and water conservation routines to highlighting 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, naturally, operating these and other sustainable practices takes time, and perceiving where to start can be puzzling. This is the reason why, at Real Property Management of the Rockies, we’re here to help you put into effect these means and set in motion the creation of greener, more efficient properties in Fort Collins and nearby. Contact us today or call 970-658-0410 to grasp and understand how we can help you appropriately 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.
