Eco-Friendly Strategies for Property Managers
Sustainability and green building have been two of the enduring trends of recent decades.
By: Winston Rowe and Associates
Caulk and insulate exterior windows and doors. This will not only help with heating and cooling costs but will also substantially reduce sound transfer between spaces.
Refresh interiors with eco-friendly paints with low or no VOC emissions. Indoor air quality has become a hot topic since the onset of the pandemic and will continue to be a top amenity even after it ends.
Ditch the incandescent bulbs and switch to energy-efficient lightings, such as LED and CFL lamps.
Install energy-efficiency appliances and HVAC. Investing in the right refrigerators, dishwashers, ceiling fans and the rest will reduce energy consumption and lower the utility bills. More importantly, these will create the energy-efficient home eco-conscious renters seek.
Install smart meters. These tech bits help the tenants pay for exactly what they consume, every month. Nobody likes estimated billing these days.
If your community has all or most of these sustainable features, you can consider enrolling to have it certified for its green achievements. The U.S. Green Building Council's LEED award is one of the most popular certifications out there and owning such a designation will make a strong sustainability statement. Besides, it will help you retain and attract residents while increasing the property's value in the long term.
Winston Rowe and Associates has prepared this article they are a national consulting firm specializing in due diligence and consulting for commercial real estate investors. They can be contacted at https://www.winstonrowe.com
Winston Rowe and Associates