According to the U.S Environmental Protection Agency (EPA), commercial and
residential buildings account for 39% of carbon emissions, 12% of total water
consumption, and 68% of total electricity consumption in the United States. What
does your property management do to ensure sustainability? A study found by
Nielsen discovered that 81% of consumers around the world believe it is more
important than ever to take initiative and improve the environment.
Improving sustainability not only benefits the environment but it also benefits your
business as well. Today’s consumers are always looking for the most innovative
and advanced technology that also offers sustainability and efficiency. If you
cannot continuously improve your sustainable efforts, the risk of losing to the
competition becomes greater. 2020 is the year to prioritize green initiatives and
stability putting yourself ahead of the competition and attracting more renters,
improve image, and help save the planet.
Tips to Elevate Your Green Initiative
1.) Energy-efficient Appliances
Energy Star appliances have become a big name in sustainable appliances
while more and more renters and investors are looking for more efficient
appliances. Consumers are also looking for the state of the art technology
such as smart thermostats which allows users to use their smartphones to
interact with their homes.
2.) Renewable energy
Renewable energy such as solar panels is proven to cut utility costs and
reduce a property’s carbon impact. With tremendous improvements in solar
panel technology, solar panels are becoming applicable to more properties.
Commercial solar panels are also connected to the power grid which allows
property managers to receive credits if their solar panels give excess electricity
to the grid. Property managers could also implement car charging stations that
allow people with electric cars to charge them. Although it will not lower utility costs it attracts electric vehicle owners and improves the overall image of the
3.) Recycling Program
Although recycling is not something new, a significant amount of buildings do
not have a recycling program implemented for their residents. Having
somewhere for residents to dispose of their recycling, increases customer
satisfaction knowing they live somewhere ecofriendly. In addition to a
recycling program, property managers may want to implement an area for
residents to dispose of difficult items such as car batteries.
By implementing these and other key green initiatives you can reduce costs,
improve the appearance and overall image, while also having a positive impact on