April 18, 2023
In the new age of sustainability, residents, investors, and property managers are more interested in eco-friendly, green properties than ever before. With a stronger emphasis on sustainability practices and creating a healthier, happier planet, high-rise buildings, and large multifamily properties have stepped up to the occasion, giving eco-conscious residents and owners better options that cut energy use drastically. That is why our team of multifamily professionals has developed our top reasons why multifamily properties are the most sustainable form of real estate.
Lower Energy Usage
Many researchers have proven that multifamily properties use a significant amount of less energy than regular single-family properties. Whether you have a newer multifamily property or an older one, energy rates may vary. This is due to factors such as appliances, lightning, and other energy-exerting materials that are found in homes and apartments. The newer the space with the newer appliances is going to spend much less in terms of energy usage, creating a greener space for all.
Lower Carbon Footprint
Many multi-family properties such as complexes, apartments, and condominiums are beginning or already have been adhering to the basics in terms of sustainable housing. This includes being mindful of the density of the property, and maximizing the open space while minimizing the property or building’s footprint. These properties are doing so by operating close to public transit, using shared systems, sharing wall space, organic landscaping, and green roofs.
More Sustainability=Higher ROI
With the ability to increase sustainability in reach, many property owners, renters, etc. agree that sustainability practices are worth the cost. This is because the bar revolving around what it means to be sustainable and “green” is constantly changing and being raised. Now that businesses and properties are making the case for sustainability, the value of it in terms of the property price is involved. The higher the number of sustainability practices, the higher the return on investment will be for the multifamily property.
Merging working from home with a personal work/life balance can be complicated for some residents within a multifamily property. However, many multifamily property investors and owners have created communal spaces where residents can work in the comfort of their building all while separating their life from work. With no commute costs and energy output, this is another reason why multifamily properties are an increasingly more sustainable form of real estate.
In Search Of A Multifamily Property? Contact The Multifamily Firm Today!
The Multifamily Firm is a premier investment real estate brokerage exclusively focused on the disposition & acquisition of multifamily properties. Based in Sarasota and Tampa, Florida, the firm is strongly positioned at the epicenter of economic growth and activity on the West Coast of Florida. If you are looking for a multifamily property please feel free to contact us via our contact form or by calling us directly at 941-444-6160. We look forward to speaking with you soon!