In the United States, around 30% of building owners could cut their energy use by up to 59% by implementing simple sustainable practices.
Keeping a commercial property running properly takes a lot of energy, resources, and work. As a property investor, you may not know how to make your building more eco-friendly and sustainable. That's why we're here to help.
We've created this guide so you're aware of the sustainable property management strategies that'll help you create a cleaner planet and increase your property values.
Energy Efficiency Upgrades
One of the easiest ways to make your commercial property more sustainable is to invest in energy-efficient upgrades. It may seem like a small and insignificant change, but switching your light bulbs to LED lighting can make a big difference.
Installing a smart thermostat can also help you reduce your energy consumption. During your next maintenance inspections, ask the professional if you're losing energy due to poor insulation. This can have a big impact on not only the environment but also your utility bill.
Water Conservation
Conserving water is another great way to make your building more sustainable. For example, you can have low-flow faucets installed and invest in an efficient irrigation system.
Harvesting rainwater is more work, but if you're committed to helping the environment and have the capital, it's a great option.
Sustainable Materials and Practices
When it comes time to renovate your commercial building, think about what materials are being used.
Sustainable property management includes using recycled materials during construction projects. You'll also want to ensure the construction team is discarding extra materials properly.
Before hiring a team for renovations or upgrades, ask about their commitment to the planet. They may be able to recommend more sustainable materials too.
Tenant Education and Engagement
As a property owner, you can only do so much on your own. You need the help of others to ensure you have an eco-friendly property.
Talk to your property manager and property management team about your concerns. They may be able to educate you on some sustainable practices you could implement.
You'll also want to discuss these topics with your tenants. They may not be aware of the impact their actions are having.
Encourage them to adopt eco-friendly practices. You can provide educational resources and you may even want to offer an incentive for reducing energy use.
The more you communicate with your tenants about how to operate a sustainable commercial property, the better.
Regular Sustainability Assessments
You must monitor your usage. Doing monthly or semiannual audits can help you track your progress. You'll also see where you can improve and what areas you need to focus on.
From Green Dreams to Reality: Pioneering Sustainable Property Management
As you can see, there are a number of different eco-friendly practices you can implement. You will benefit as your property will be more desirable for tenants, and you'll be helping the planet.
Making these changes can seem overwhelming, so starting small and slow is recommended. You don't have to make all these changes at once. Remember, every bit helps.
For help implementing eco-friendly practices, contact our sustainable property management team at the PMI Inland Empire.
