Did you know that, in addition to protecting the environment, implementing eco-friendly practices at the properties you manage can benefit your business? Greener units are a great selling point and can help you to attract a better kind of resident. Implementing these practices can help residents cut down on water and energy expenses, making your apartments more attractive. Also, residents who are more eco-conscious are more likely to respect both their interior and exterior environment, inflicting less wear and tear on their living spaces.

Here are seven easy ways to get started on greening your properties for the new year.  Not only does it help you to attract eco-conscious residents, you will find some money saving opportunities as well.

  1. Replace incandescent light bulbs with compact fluorescent light bulbs (CFLs).
    ENERGY STAR-qualified CFLs produce the same amount of light as traditional bulbs with only about ¼ of the energy.
  2. Repaint your units with low- or no-VOC paints.
    The EPA has found that levels of organic pollutants are two to five times higher within homes than without. These compounds can have serious health and environmental consequences. Using paints low in these compounds will improve the quality of life for your residents.
  3. Install low-flow water fixtures and toilets.
    These fixtures produce a water flow that feels the same while using less water, saving both a natural resource and money. Many utilities and city governments offer incentives for installing low-flow fixtures, so make a few calls for added savings.
  4. Install programmable thermostats.
    The automatic settings help your residents to more accurately regulate temperatures and save money and energy at the same time. Make sure to educate your tenants on their use.
  5. Insulate your water heaters.
    A $20-$30 investment in an insulation blanket can translate into 9% savings on water heating. Older water heaters in particular need this attention.
  6. Check furnace ducts for leaks.
    Sealing these leaks can account for as much as a 20% energy savings, plus will improve the air quality in your properties.
  7. Use ENERGY STAR appliances.
    Encourage your owners to install ENERGY STAR appliances. ENERGY STAR-rated refrigerators, dishwashers, washing machines and dryers use significantly less water and energy.