Apartment Trends Magazine May 2019 | Page 47

SAVE WATER Owners can also limit storm runoff, lower irrigation costs and landscape maintenance, and lessen the impact on waterways through sustainable site- development practices. Additionally, water-efficient designs often lower owner costs for outdoor and common areas, as well as resident utility costs. Smart irrigation controllers ensure your plants are watered and verify that your systems are performing correctly. There are also opportunities to use native plantings and replace turf with drip irrigation. IMPROVED AIR QUALITY By using sustainable materials and new installation techniques, the building can benefit from enhanced indoor air quality and lower transmission of sound and odors between units. Eco-friendly construction methods and materials also reduce contaminants introduced into the apartment air thanks to low levels of volatile organic compounds in sealants, coatings, paint, and adhesives. utilizing tempered air from outside. This not only helps increase resident comfort and create a healthy living environment, but it also enhances energy efficiency. HIGHER RESALE VALUE Several studies have demonstrated that apartments and buildings near public transportation are often more valuable than similar properties without close access to rail lines, subways, and bus routes. Green homes within walking or biking distance of stores and popular attractions can also command higher rent, resident retention, and higher resale value. For example, many communities offer covered bicycle storage, on-site bicycle repair shops, or partner with a bike-sharing service as a convenience to their residents and to reduce greenhouse gas emissions. Some properties are also prioritizing onsite fitness studios, business lounges, and game rooms to prevent residents from having to drive off community grounds to access these activities. IS THE FUTURE OF MULTIFAMILY GREEN? From refrigerators that monitor residents’ hydration levels, to smart homes that analyze a unit’s air quality, technology is continually advancing and making it easier for apartment communities to incorporate green features into their units. Sustainable living not only promotes healthy lifestyles but also increases energy efficiency and cuts costs. As a bonus, your property doesn’t always have to break the bank to integrate sustainable design into the property. Residents increasingly desire sustainable living in their everyday, and the multifamily industry is in a great position to benefit financially from this rising demand. Ashley Tyndall is the Director of Client Service and author at Criterion B. Further, some apartments are promoting high air quality by automatically tracking and adjusting temperature and humidity for occupants. Automatic temperature adjustments reduce the need to heat or cool an apartment by www.aamdhq.org MAY 2019 TRENDS | 45