As we get back to some type of normal, our perspective on our environment has shifted. Owners and managers of multifamily housing are busy meeting the requirements for social distancing, they are also improving their bottom line by incorporating sustainability practices. Not only are they beneficial to the environment, their appeal attracts a wide range of demographics.
Like everyone else in the multifamily housing industry, you are probably looking to reduce spending when it comes to operating costs, renovations, and construction. That’s exactly what green practices achieve.
According to Multifamily Biz
Green features save owners approximately 33 million dollars across 200,000 buildings. Additionally, buildings that embrace green design recoup associated costs of the project within six to seven years, significantly less than the typical industry average. Given the numbers, multifamily sector can expect to see more communities using natural resources, like bamboo, wool, and reclaimed wood, during construction.
Environmentally friendly features can also help your community join the ranks of LEED-certified homes, which save up to 60 percent in energy costs. That’s right—it’s quite simple to cut expenses by offering eco-friendly amenities where possible. Advanced heating and cooling systems, stainless steel appliances, and high-efficiency plumbing fixtures aren’t slowing down in popularity, as sustainability becomes a cohesive goal for everyone within the multifamily industry.
Attracting Residents
In addition to Multifamily housing, communities improving their bottom line with ‘Green Practices’, they are attracting the next generation of renters. A recent study shows up to 80 percent of tenants look for these green and eco-friendly building, appliances, and amenities, are beneficial to their well-being.
If you’re concerned about the cost it takes to convert your community to greener living, consider that 61 percent of apartment residents say that they would pay more in monthly rent for an eco-friendly apartment home, outfitted with sustainably minded amenities and community features
Creating An Attractive Lifestyle
SWET Construction Group takes into account the new multifamily housing industry, create a living experience that caters to residents lifestyle and community. We are an integrated construction firm in the Southeastern United States.