As the renter demographic in the U.S. starts to swerve toward younger, the demand for eco-friendly living continues to rise. This trend grants rental property owners and property managers a wonderful opportunity to embrace sustainable practices that can benefit the environment – and your bottom line. Cutting down the environmental impact of your rental property pulls in more than just conscientious renters. It can especially reduce operating costs, boost property values, and improve sustainability. Let’s take a closer look at the key sustainable practices every property manager and owner should know to give rise to greener, more valuably efficient properties that residents will admire.
Energy Efficiency Upgrades
One of the undemanding ways to incorporate green living into your rental property is to boost your energy efficiency. A more efficient property usually generates lower utility bills and a smaller carbon footprint. A few examples of simple energy-efficient upgrades you should carefully consider include LED lighting, smart thermostats, and energy-efficient appliances. If you want to go even bigger, think about implementing a home energy assessment that usually pinpoints other areas for upkeep and improvement,such as leaky windows and doors or inadequate insulation in walls and ceilings. Whichever upgrades you take, you can use these to pull your next environmentally friendly resident.
Realistic Water Conservation Techniques
A lot of people hear “water conservation” and promptly tune out. Nevertheless, for rental property managers and owners, conserving water is a substantial part of going green. For instance, look into installing low-flow fixtures, replacing old or leaking ones, using water-efficient irrigation in the yard, and investing in drought-resistant landscaping. Landscaping, exactly, is an area where most rental houses can make relevant conservation upgrades. Simply determining and choosing native plants well adapted to your area, for instance, can help reduce your water needs, minimize maintenance, and contribute to a sustainable, eco-conscious property your tenants will find pleasure in.
Waste Reduction and Recycling Programs
Another effective option to attract environmentally friendly renters is to openly encourage and partake in recycling and other waste management programs. In particular, inquire into recycling programs in your area and then provide bins and information to your residents. By making recycling and waste reduction manageable 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 final thing to consider, property managers and owners can undertake sustainable practices by consistently making more deliberate and environmentally friendly choices when repairing or updating their rental property. For example, single out sustainable building and finishing materials, for instance, as bamboo, recycled wood or steel, and low-VOC (volatile organic compound) paints perhaps. On the other hand, you can carefully highlight these practices in your marketing materials and clear up how they improve indoor air quality and promote a healthy living environment. A great number of renters will appreciate your concern for their health and your eco-friendly practices.
The Benefits and Challenges of Sustainability
Meticulously incorporating sustainable practices into your property management system can grant tangible benefits for the environment and a healthier cash flow. From energy-efficient upgrades and water conservation tactics to upholding 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.
Of course, taking on these and other sustainable practices takes time, and considering where to start can be hard and challenging. As such, at Real Property Management Deluxe, we’re here to help you execute these strategies and develop greener, more efficient properties in Baxter and nearby. Contact us today or call 218-454-7368 to find out how we can help you 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.
