As the renter demographic in the U.S. starts to veer towards younger, the demand for eco-friendly living continues to increase. This trend gives rental property owners and property managers an unusual opportunity to embrace sustainable practices that can benefit the environment – and your bottom line. Cutting down the environmental impact of your rental property, indeed, appeals to more than just conscientious renters. It can likewise reduce operating costs, hugely increase property values, and improve sustainability. Let’s take a closer look at the key sustainable practices every property manager and owner should know to bring about greener, more advantageously efficient properties that residents will adore.
Energy Efficiency Upgrades
One of the simplest ways to incorporate green living into your rental property is to improve your energy efficiency. A more efficient property frequently brings about lower utility bills and a smaller carbon footprint. Several examples of simple energy-efficient upgrades you should think of include LED lighting, smart thermostats, and energy-efficient appliances. If you want to go even bigger, think about accomplishing a home energy assessment that mostly pinpoints other areas for development, namely leaky windows and doors or inadequate insulation in walls and ceilings. Regardless of which upgrades you fulfill, you can use these to draw in your next environmentally friendly resident.
Realistic Water Conservation Techniques
Various people hear “water conservation” and speedily tune out. On the other hand, for rental property managers and owners, conserving water is a really important part of going green. For instance, think about installing low-flow fixtures, replacing old or leaking ones, using water-efficient irrigation in the yard, and investing in drought-resistant landscaping. Landscaping, particularly, is an area where most rental houses can make vital conservation upgrades. Simply selecting native plants well adapted to your area, for instance, can help reduce your water needs, minimize maintenance, and lead to a sustainable, eco-conscious property your tenants can truly enjoy.
Waste Reduction and Recycling Programs
One other great option to attract environmentally friendly renters is to highly encourage and join recycling and other waste management programs. Take for example, check out recycling programs in your area 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.
Green Building Materials and Practices
One last matter, property managers and owners can partake in sustainable practices by actually making more deliberate and environmentally friendly choices if repairing or updating their rental property. For example, use sustainable building and finishing materials, that is to say, bamboo, recycled wood or steel, and low-VOC (volatile organic compound) paints as much as possible. In addition, you can stress these practices in your marketing materials and clarify how they improve indoor air quality and promote a healthy living environment. Numerous renters will appreciate your concern for their health and your eco-friendly practices.
The Benefits and Challenges of Sustainability
Incorporating sustainable practices into your property management procedure can endow tangible benefits for the environment and a healthier cash flow. From energy-efficient upgrades and water conservation tactics to encouraging 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 at the same time, fulfilling these and other sustainable practices takes time, and grasping well where to start can be complicated. Because of this, at Real Property Management Northern Arizona, we’re here to help you realize and implement these ideas, and induce creation of greener, more efficient properties in Bullhead City and nearby. Contact us today or call 928-757-7368 to take into consideration how we can help you adopt sustainable practices that will 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.
