As the renter demographic in the U.S. starts to skew younger, the demand for eco-friendly living keeps rising. Rental property owners and managers take advantage of this trend to embrace sustainable practices that can benefit the environment – and your bottom line.
Lessening the environmental impact of your rental property appeals to more than just conscientious renters. It can also reduce operating costs, improve property values, and improve sustainability. Let’s look more closely at the key sustainable practices every property manager and owner should know to make their homes better and more energy-efficient for the people who live there.
Upgrades for Energy Efficiency
One of the simplest strategies to incorporate green living into your rental property is to upgrade your energy efficiency. A more efficient property regularly results in lower utility bills and a smaller carbon footprint.
LED lighting, smart thermostats, and energy-efficient appliances are all samples of simple energy-efficient upgrades. Think about getting a home energy assessment if you want to go even bigger. This will often show you other places that need work, like windows and doors that leak or walls and ceilings that don’t have enough insulation.
No matter which upgrades you undertake, you can use these to find your next environmentally friendly resident.
Effective Water Conservation Strategies
“Water conservation” makes some people tune out right away. Yet, for rental property managers and owners, conserving water is important to going green. For example, take into account installing low-flow fixtures, fixing old or defective ones, using water-efficient irrigation in the yard, and investing in drought-resistant landscaping.
Landscaping is one place where most rental houses can make big conservation upgrades. For instance, simply picking native plants well adapted to your area can help reduce your water needs, do less work on the property, and make it a more eco-friendly and eco-conscious property that renters will enjoy.
Waste Reduction and Recycling Initiatives
Another wonderful option to attract environmentally friendly renters is to inspire and take part in recycling and other waste management programs. For example, look into recycling projects in the vicinity and then provide bins and information to your residents.
By making recycling and waste reduction simple for them, you can help reduce your disposal costs while appealing to renters interested in reducing their carbon footprint.
Sustainable Building Materials and Practices
Ultimately, property managers and owners can tackle sustainable practices by making more careful and environmentally friendly choices whenever repairing or updating their rental property. For example, whenever possible, choose sustainable building and finishing materials, including bamboo, recycled wood or steel, and low-VOC (volatile organic compound) paints.
After that, you can highlight these routines in your marketing materials to clarify how they upgrade indoor air quality and promote a healthy living environment. Several renters will appreciate your concern for their wellness and your eco-friendly practices.
Benefits and Challenges of Sustainability
Implementing sustainable practices into your property management approach can have a positive impact for the environment and a healthier cash flow. By making changes that use less energy and water, encouraging recycling, and using eco-friendly materials, green living strategies can improve your property’s value, make it more appealing to current and future residents while reducing long-term costs.
Utilizing sustainable practices can be hard and take a lot of time. We’re here at Real Property Management Excelled to help you make homes in Puyallup and nearby areas greener and more efficient properties. Contact us online or call 253-275-5999to find out how we can help you adopt sustainable strategies.
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.
