Green Initiatives in Property Management: Sustainable Practices for Landlords
Implementing sustainable practices at your rental property isn’t just great for your tenants, but it also enhances the house’s value and performance. While there’s no shortage of costly changes homeowners can consider, several affordable updates can substantially improve your property’s green credentials. Here, we delve into some of the easiest ways landlords can give their investment an eco-friendly makeover without breaking the bank.
Get energy-efficient lighting
Replacing old halogen lights with modern LEDs is one of the best ways to implement a sustainable change. You might be surprised how big of a difference they make, with LEDs using approximately 75% less energy and lasting up to 10 times longer than halogen alternatives.
So, not only does it require far less energy to keep the lights on in your property, but there are also many fewer burnt-out light bulbs ending up in landfills. With most old-fashioned lightbulbs easy to replace, changing out obsolete lightbulbs for new ones shouldn’t take much effort.
Reduce water usage
The shifting climate could mean droughts are more common and even harsher than events we’ve experienced in the past. This means adding water conservation features to your property is a wise decision, as you’ll use less while mitigating the impact of any future water restrictions.
For example, low-flow fixtures such as showerheads use around 60% less water than traditional options. Meanwhile, you can update sink taps and toilets to water-saving products to slash your usage. Adding rain tanks and efficient backyard irrigation is also crucial for conserving water.
Choose native plants
If you’re looking to give your rental property’s garden a spruce up, choosing native plants can significantly reduce water usage.
The added benefit of native plants is that they’re low maintenance. As some tenants might not take the best care of the garden, planting native species means they still flourish in their surroundings, even if they don’t get attention. To keep things even easier, consider installing an efficient watering system—it will not only support the garden’s health but also save money by reducing the need for replacements.
Install an EV charger
Electric vehicles (EVs) are becoming more common in Australia every day, with close to 10% of all new vehicles sold in 2024 being of the electric variety. While internal combustion engines might exist for the next few years, there’s little doubt which direction auto manufacturing is heading.
You can get ahead of the curve by installing an EV charger at your rental property. With this added feature potentially increasing property value while attracting wealthier renters and future-proofing your investment, installing an EV charger could be a sustainable choice.
Speak to the experts
Ready to learn more about Adelaide’s rental market? Get in touch with the experts at InStyle Property Management to discover how we can help. Our highly experienced team can help you manage your rental properties and achieve your investment goals.