Apartment Trends Magazine May 2019 | Page 46

SUSTAINABILITY The Unexpected Benefits of a Green Community BY ASHLEY TYNDALL, CRITERION B T oday’s renters have come to expect a level of sustainable features in their apartment home, from on-site recycling to energy-efficient appliances, in addition to more unique features like sustainable landscaping and bike-sharing stations. Green features that were once considered a potential “fad,” are now practically a requirement. 44 | TRENDS MAY 2019 According to the 2018 AMLI Residential survey, 83 percent of renters consider living in a green community as beneficial to their health, and 59 percent are even willing to pay more for this kind of designation. higher rent than non-sustainable buildings. Occupancy rates can also rise up to 23 percent higher for LEED apartments. From short- and long-term investment returns to increased resident retention, there are many benefits for going green. Some studies even show that commercial and residential green buildings command up to 30 percent It’s no secret that sustainable living can lower energy and water bills. What is lesser known is that green features can increase durability measures, thus reducing long- term maintenance costs through improved moisture management. LOWER CONSTRUCTION & MAINTENANCE COSTS Efficient design can also lower construction costs by avoiding excessive waste and material use. For example, efficient construction techniques eliminate non-essential materials and provide structural integrity, which can provide more room for insulation and reduce costs. www.aamdhq.org