In real estate, it is an advantage if you educate yourself on the environmental impact of the properties your handling and investing in. Social Responsibility is important for all businesses nowadays.
There are some things to keep in mind when it comes to eco-friendly construction and utility usage that developers and property owners need to understand. Questions like, how are you going to reduce your property’s footprint through the building practices, materials, and appliances? And what other green aspects or technologies are going to be useful?
Below are seven members of Forbes Real Estate Council that shared some advice to help you decide for both your company and the environment as well as touch on techniques you can try to be responsible in all your decisions for your company. Here’s what they have to say:
1.Ask Local Government Partners
According to Deborah Rabbino Bhatt of Vesta New York, developers create opportunities when buildings have large environmental “footprints.” It is a very important stand for a change. And many environmental features pay for themselves when they are operations. There are different incentives for environmental technologies or would like to find a way to bring them to their community.
2.Build LEED-Certified Smart Homes
According to Bill Lyons of Griffin Funding, Nowadays, developers should build smart homes that are green, maintainable and energy-saving. Addition to that, the homeowner’s smartphone should have the ability to control everything inside the house. These are good features that will not only attract buyers but will also create better neighborhoods. One company that promotes LEED certification is the U.S Green Building Council.
3.Become Acquainted with Local Groups and Colleges to Talk About Conservation
According to Kristin Geenty, The Geenty Group, Realtors, the Northeast list of past industrial uses is long and varied. A little part of our land has not been put into service at one time as a locomotive repair garage, an orchard, a corporate laundry facility or nuclear waste storage. Almost half of today’s environmental management is contended with the past. However, local lobbying groups and colleges are a great place to ask about what is the future issues for conservation.
4.Reclaim and Re-use: Water and Solar
According to Michael J. Pholk, Pholk Properties, It is important for the developer to reclaim and re-use as much of water possible. Solar should be in progress on some level also. Whether in common places such as pool and other areas where the load can be created. As far as what is accessible information-wise, look at building maintenance
5.Global Warming and Building Projects
According to Gary Beasley of Roofstock, We should all be aware of our environmental footprint. This is why designing and constructing a property that considers the effects of global warming. Both the vicinity and building substances should be taken into consideration. Developers should consider the influences of global warming on their projects seriously. The growing frequency of storms, elevated wildfires, protracted droughts, and rising sea levels are all elements that must be taken into consideration nowadays.
6. Make a Little, Inexpensive Power-Efficient Upgrades
According to Beatrice de Jong, Open Listings (YC W15), The premium green-home improvements are the geothermal heat pumps and Solar panels. However, there are still numerous low-price sustainable home upgrades exist on a smaller scale such as updating the shower heads and faucets with low drift models to preserve water. LED light bulbs will also preserve your energy bills lower while supporting the surroundings. Another way to preserve energy is by using smart home thermostats.
7. Providing Resident Incentive Programs
According to Aaron Galvin, Luxury Dwelling Chicago Realty, environmentally conscious is not only bound to LEED certification, recycling programs, and Nest thermostats. Multifamily developers should also point on minimizing the overall building impact as well as its residents. Incentive programs can also make a difference in reducing energy, water and controlling the waste within the building.