Sustainable multifamily housing continues to be a popular trend among Millennials and Gen Z renters. Sustainable communities with effective green practices and utility management are drumming up higher rents.
More than just boosting rents and occupancy, sustainable communities offer adds value to properties, with effective waste management and lower utility costs.
The sustainability initiatives are growing quickly across the multifamily housing industry. In a recent poll, over 70% of renters said they are only interested in living in apartments with green practices or sustainability initiatives. Which is up significantly from just a couple of years ago.
The younger renters are especially embracing this green lifestyle. According to Forbes, they are even willing to pay more for environmentally friendly upgrades.
Units with low emitting materials for better indoor air quality are in high demand. These products contain low or zero volatile organic compounds in items such as paints, countertops, carpets, cleaning products, sealants, and adhesives.
Green construction and renovations not only reduce energy cost and maintenance during construction and operational practices, but they are also economically more efficient, environmentally responsible, and lessen the building’s carbon footprint. SWET Construction Group ensures energy-efficient designs are implemented during construction or remodeling.
Today’s renters understand the importance of Green construction and the direct impact it has on their health an environment, just as property owners and managers understand what a huge selling point. SWET Construction Group works with the design team to increase the value, lower operating costs, conserve energy, and reduce greenhouse emissions and waste.
SWET Construction Group is a leader in new construction and renovations of multi family housing industry. Partnering with us will not only keep your construction costs low while achieving a beautiful architectural design, they will ensure your project is a great success by displaying quality traits such as preparedness, flexibility and awareness.