The Eco-Friendly Way: Top 6 Energy Efficient Updates For Your Rental Property

By, Psalm Papio | Special To Corridor News

As a property manager, investing in your rental property is vital for your business to succeed. One of the smartest investments you can make is to incorporate energy saving updates.

It’s a great way to save on energy and money in your property by reducing your energy consumption while helping lower your carbon footprint.

Incorporating energy efficient updates for your rental property can be an appealing selling point to prospective tenants. They can also help you in advertising vacant rooms for the interested tenants. Thus, you’ll be able to deal with fewer room vacancies when you can increase your property’s energy efficiency.

There are various cost-effective ways to update your rental property to improve its energy efficiency. As such, here are top energy efficient updates to help lower energy costs and carbon footprint in your rental property.

Door Sweeps

The use of door sweeps is one of the best energy saving tips to help conserve energy in your rental property. They are a piece of plastic, rubber, or foam attached to a carrier strip that you can put across the bottom of your doors. These door sweeps will help prevent drafts while sealing the gaps between the threshold and the bottom of your entry doors.

Utilizing door sweeps is a cost-effective way to reduce the number of air exchanges that occur through your doors. With that, you can reduce your property’s energy costs and save money on your cooling and heating systems. They can also help protect your property from dust, moisture, and crawling insects.

Smart Power Strips

The use of smart power strips is a simple and inexpensive update you can make for your rental property. These devices work by shutting down your appliances when they’re on standby mode which can help reduce your energy bills. In that way, you can save money while reducing your carbon dioxide emissions.

Electrical devices such as computers, televisions, etc. use a significant amount of energy even when not in use. With that, it can be helpful to invest in smart power strips to help significantly reduce your energy usage as well as your tenants’ power bill.

Go for Tankless Water Heater

Utilizing a tankless water heater is a great way to save energy usage, water usage, and space in your rental property. Also known as instantaneous or demand type water heater, it is a high-quality appliance that can provide you with water only when it’s needed. It also doesn’t consume energy when not in use which can help you save money.

Investing in a tankless water heater can provide your property with a lot of benefits along the way. They would only consume power to heat the amount of water you need. You can also control the unit remotely using your mobile device. With that, you can save about 20 percent of your property’s water heating bill.

Install Ceiling Fans

Ceiling fans can provide your rental property with numerous energy saving benefits. They can help circulate the air in your area to provide a cooling sensation. They only use as much electricity as 100 watt light bulb so you can save on your energy bills. Utilizing them properly in the winter and summer will also provide you with energy saving benefits.

Since they can help cool off the area during the hot summer months, utilizing them will surely increase its energy efficiency without wasting much electricity. Apart from that, the use of ceiling fans is also a great way to boost your rental property when it comes to visual appeal.

Programmable Thermostats

Many tenants would like to see a programmable thermostat in a rental property. With that in mind, installing the smart device in your area will help reduce your tenants’ monthly energy bills by about 40 percent. Doing so will help save energy on your monthly cooling and heating costs.

Adding programmable thermostats in your property can make it easier for your tenants to conserve energy. The device can help keep their rooms at a comfortable temperature no matter what the weather on the outside. They can also schedule the device to turn it on or off automatically any time of the day.

Takeaway

Making your rental property energy efficient can be easy. Utilizing energy saving updates such as those listed above will benefit your tenants along the way. They will also give more leverage for advertising your property to prospective tenants. Hence, they won’t only help control your energy costs, but they can also improve your property’s sustainability.


 

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