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Eco-friendly ways landlords could make their properties more sustainable

23rd October 2023

sustainable

As the world is becoming more environmentally conscious and we face certain pressures from the government. Landlords may be experiencing the difficulty of transforming their properties into eco-friendly residences. To stay competitive in the residential rental market, landlords must create more ecologically friendly residences. Created and maintained with the surroundings in mind, to make rental accommodation stand out and, eventually, to secure both residents and rental income.

Eco-friendly landlords prioritise energy efficiency, conserving water, and other green activities to lessen the environmental effect of their properties. 

 

Why should your rental properties be Eco-friendly?

When you own an investment property or a property portfolio business, one of your goals may be to encourage  sustainable living  since it provides financial, regulatory, and reputational benefits. Green rental property management allows you provide accommodation  that is more pleasant and healthier to live in.

 

Financial advantages

Sustainable homes can help landlords and tenants save money in the long run by cutting energy and water consumption. With a growing percentage of renters becoming environmentally concerned, sustainable buildings may be able to attract additional tenants who are prepared to pay higher rents for eco-friendly living accommodations. Furthermore, sustainability addresses financial hurdles that restrict suitable property care. Because sustainable houses include more modern features and facilities, they are easier to maintain, which results in cheaper costs and a higher return on investment for the owner.

 

Regulatory considerations

Operating a residential rental demands complete compliance to national and regional government rules. As these authorities continue to implement additional sustainability norms and standards, the possibility of penalties and legal fees for failing to do so will rise. You can shield your property from governing authorities while maintaining it conscious by making your rental properties more environmentally friendly.

 

Advantages in terms of reputation

A landlord’s reputation as a socially responsible and ecologically conscientious landlord can benefit from sustainable homes. Tenants often benefit from an improved quality of life because environmentally friendly homes are generally modernised and have streamlined features and utilities that provide convenience. This enhances tenant retention and attracts more tenants.

 

How to make  your rental home Eco-friendly

Now that you understand why sustainability is important for your rental business, you should start thinking about how you will make the essential eco-friendly changes. Your sustainability strategy should eventually cut your property’s energy expenditures while also reducing its carbon footprint. Here are a few ideas for greening your rental properties:

 

Use of low-VOC paint.

Paint physically covers practically every area of your residential property, significantly contributing to your unit’s overall environmental impact. The use of low-VOC paint is the first step towards making your property more environmentally friendly. Most traditional paints release volatile organic compounds (VOCs), which damage indoor air quality. As a result, breathing in the home is hazardous to both human and environmental health.

 

Install Eco-friendly appliances.

Upgrading aged, inefficient appliances with new saving energy versions is a certain method to lower renters’ electricity and water expenses while lowering power plant emissions.  Landlords who want to go further may wish to think about solar-powered gadgets or other green alternatives. 

 

Implement water-saving techniques.

Water conservation is a crucial part of environmentally friendly property management and should be a top concern for any landlord trying to build green, sustainable rental homes. One of the most efficient strategies to reduce water usage is to install low-flow fixtures such as low-flow showerheads, toilets, faucets, dishwashers, and water-consuming appliances. 

 

Make the switch to electric boilers.

The future is turning electric, and landlords must learn to keep up or risk falling behind and incurring even higher energy bills. Switching from gas boilers to electric boilers modernises the home while remaining emission-free, reducing the property’s contribution to air pollution or the impact of greenhouse gases. Ensure you have a low EPC rating and follow the advice from your EPC assessor to make energy efficient improvements to your property

 

Teach tenants about recycling.

Keeping your property as sustainable as it can be demands both the landlord’s and the tenants’ contributions. Landlords must communicate with their renters on a regular basis regarding which materials can be recycled, where they can be recycled, and why recycling is crucial. Tenants will be more conscious of their environmental impact and more inclined to participate in sustainable behaviour as a result of this.

 

Landlords can also educate their renters about any recycling programmes in the local area. Furthermore, implementing a system that facilitates recycling for renters, such as providing specific bins or containers, will effectively encourage residents to recycle, contributing to the decrease of waste on the property.

 

Property owners may save money on energy costs, attract mindful tenants, while contributing to a future that is more sustainable by using these strategies. Promoting environmentally friendly practices will produce tenants that are dependable in making payments, allowing you to maximise rental income. For more advice and help on how to make these changes in your property, contact a member of our team for help.