A couple years ago “Going Green” was the biggest trend in property management.  Many companies saw the “Green Revolution” as a new way to save money and attract clients and for awhile it was a very innovative approach.  However, now that the trend has died down, does it still make sense for your property to “Go Green”?  Can you still attract new clients by offering a “Green Space”?  Are there financial incentives to going green if the commodity value lessens?  There definitely are.  Regardless of the current trends, going green saves property managers and renters big money.

Going Green Is Cheaper Than Ever

When the green revolution began, a lot of environmentally-friendly products were just hitting the market.  Gray water systems, low flow toilets, recycled countertops, and other eco-friendly products were rare and produced on the small scale.  Therefore the costs of these improvements were very high to property managers and their investment only made sense when they could commoditize the value of going green by charging higher rents.  However, now these products are mass produced, so their initial costs have gone down.  Sometimes the cost of upgrading to green products can even be more competitive than their standard counterpart.

Pass The Savings To Renters

One of the biggest draws to going green is they ultimately cost your renters less money.  Green products like energy star rated appliances and CFL light bulbs consume less energy while low flow toilets consume less water.  These reduce the cost of utilities for your renters, making your property more attractive from a financial standpoint.  Not to mention, using these products also save you money on your overall operational costs.

More Considerate Renters

To many people, going green was not a cultural trend but a reflection of their beliefs.  These people care deeply about their environment and their local community, and therefore tend to be more conscientious about their actions.  Conscientious people makes great renters and great neighbors.  Green spaces foster a sense of social responsibility, making for an ideal community.  If you advertise your property as a green space, you will definitely attract these types of renters regardless of social trends.

Though going green does not have the same cultural weight it did a few years ago, it is still a smart idea.  Going green saves money and attracts responsible renters.  If you are interested in ways to go green or other ways to have your property become more environmentally friendly contact the experts at Occupancy Solutions.  Our experienced staff will guide you through the process and give you ideas on how to advertise your new green space.