Thinking of getting a green certification for your property? do you think it’s worth it? Have you thought about the advantages or benefits that it can bring you? How would you like to be in the 79% of homeowners expected to build green properties by 2018? If you answered yes to these questions, read the rest of the article and learn about the benefits of getting your property green certified.
- Reduced operating costs: The large amount of operating expenses always weighs down the pockets of the owners. And to think that owning a property is something that can help shape one’s future, reducing operating costs can clearly help save more. There are many studies that support the fact that green buildings are known to have a payback of seven to eight years, depending on the types of improvements made relevant to energy efficiency, sustainability and aesthetics. According to a study, operating costs can be reduced by up to 13%. And if a landlord converts their property to rent, they can earn a higher margin profit by charging premium rents over competitors who are not green certified.
- Reduced vacancy rates: Homeowners who want to secure the future of their children are likely to choose to convert their homes into rental properties. And by doing green renovations, there is a greater chance that the property will always rent. Tenants are also likely to renew their leases due to the benefits they have experienced in their first few months of leasing. Again, studies show that there is a lower vacancy rate for green buildings. They are 4% lower compared to rents for properties that are not green certified.
- Investor Interest Increase: Green buildings show consistently high scores in terms of energy efficiency. They also show consistently high rates of tenant retention, drawing investors closer to them. If, in such a case, an investor wishes to add your property to their portfolio, it becomes instant proof of your company’s commitment to sustainability. It gives a point to shareholders who are always looking for ways in which the company they invest in has a social responsibility. So be sure to get your property certified green. It is more proof than the features you will boast that it is green!
- Avoid being labeled green wash. With green buildings comes the closely associated term green wash. This term refers to labeling the building as green when in fact it is not. It is a direct manifestation of lying to clients. When tested, it can bring a headache to the owner and property manager. But when you are certified organic, you instantly get rid of this label and you won’t be labeled as such because you have proof.