Modern landlords are mindful when considering the balance between affordability, anticipated growth, financial comfort and the impact that owning a rental property has on the greater community.
Our generation’s impact on the environment is well documented, and choices affecting both the long-term health of our climate and the cost benefits associated with making properties more efficient is something considered from a landlord and tenant’s perspective.
There are plenty of affordable options available to improve your property’s environmental footprint, while also appealing to tenants who may see the benefits of reducing expenses associated with demands on utilities such as water and electricity.
Energy Efficiency
The majority of new homes come equipped with energy efficient features as standard, however older properties may benefit from some inclusions to help reduce the property’s energy usage.
- Insulation – the right insulation can reduce the need for heating and cooling, keeping the property at a more comfortable temperature.
- Windows – double or triple glazing can also help to reduce energy consumption within the property.
- HVAC – these systems provide efficient cooling, heating and ventilation and consume less energy when used responsibly.
- Lighting – energy-efficient lighting, such as LED, is both affordable and energy efficient.
Water Efficiency
An unexpected high-water bill is welcomed by no-one. There are plenty of water saving devices available on the market and may be worthwhile considering for your property.
- Low-Flow Fixtures – target high use areas, such as bathrooms and laundries with water conserving fittings and fixtures.
- Water-smart appliances – look for high efficiency ratings.
- Rainwater – systems for collecting and using rainwater can reduce dependency on urban water supplies and are a great addition to help keep outdoor areas and gardens healthy.
Air quality
Proper ventilation systems will assist with reducing indoor pollutants and improve air quality, while aiding with any moisture issues than may arise.
Sustainable materials and renewable energy options
Eco-friendly, sustainable and recycled materials are an excellent choice when it comes to construction and renovation. Non-toxic finishes, such as Low-VOC paints and finishes help to improve air quality. While initially a larger financial outlay, solar panels will continue to generate clean energy and potentially lower the property’s electricity costs.
Landscaping
The right landscaping goes well beyond just benefitting the property. Trees provide natural shade and improve air quality, and landscaping with native plants helps to reduce water and maintenance needs while directly benefitting local fauna and pollinators, helping to support local habitat preservation. For something a little more creative, green walls can also help to improve insulation.
Considering the environmental impact and making informed and sustainable investment choices will in turn benefit the longevity of the property, the liveability for the tenant and well-being of the broader community.