Lower Construction and Maintenance Costs
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 .
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 .
Consider Eco-Friendly Transportation Options
Apartment features should go beyond smart thermostats and door locks to deliver amenities that will enhance the quality of residents ’ lives . According to Bloomberg , more than half of newcar sales will be electric by 2040 . The rise of EV sales is prompting many companies to install chargers in their parking lots and garages — including multifamily properties .
Today ’ s renters have come to expect a level of sustainable features in their apartment - in addition to more unique features like sustainable landscaping and bike-sharing stations .
Several studies have also 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 are also offering covered bike storage for their residents ’ convenience 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 .
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