How important is new technology and energy efficiency in multifamily housing communities? With the rise in energy cost and not much hope of it slowing down, sustainability is more important than ever. Implementing effective strategies enhance the long term value of your property, while increasing tenant’s comfort and convenience.
In a recent Multifamily Executive article found, “more than three in four tenants would accept an increase in their monthly rent in exchange for upgraded technology in their apartments, including high-speed internet and smart-based home features.”
Smart HVAC Energy Management
The financial impact of smart HVAC energy management is significant. In fact, they are known for delivering some of the quickest payback timeframe among energy efficient upgrades. Multifamily housing properties have seen measurable reductions and improve building performance just by reducing run time in common areas when they are unoccupied.
Smart thermostats can be programed around occupancy patterns. Adjusting the temperature in times of high traffic occupancy times, reducing energy consumption and improving the buildings performance.
Efficient infrastructure in the multifamily industry not only attract tenants, it supports occupancy goals, lower operating overhead and strengthens long term financial.
“Energy efficiency can make a huge difference in the bottom line for multifamily building owners,” said Kate Johnson, ACEEE senior policy analyst. “In addition to lower utility bills, owners have happier tenants because units are more comfortable. That means lower tenant turnover and higher occupancy rates, which also makes a big impact on cash flow for building owners.”
Solutions
If you’re interested in maximizing ROI and improving the comfort of tenants, while reducing energy costs of your multifamily housing property, whether it’s new construction or retrofitting an existing building, contact SWET Construction Group.
SWET Construction Group is a leader in the industry, we know the market and which renovations will make your property stand out from the competition.