As residential properties consume massive amounts of energy and produce tons of waste, they have a major impact on the ecosystem. To mirror customer concerns about environmental issues, reduce pollution, and cut costs, more and more European property owners are adopting sustainable strategies.
Not sure what practices will work best for your business? Don’t worry—we rounded up the best 10 environmental practices for property owners that are good for both the planet and your profits.
1. Conduct an environmental audit
The best way to truly understand your current state is to conduct an environmental audit. Once you know your energy consumption patterns, you’ll be able to identify problems, set achievable goals, and choose the environmental practices that work best for you.
2. Use energy efficient light bulbs
This is a low cost, high-impact practice that will help you save money and reduce maintenance. LED light bulbs use about 25 to 85% less energy than traditional bulbs, and can last 3 to 25 times longer.
3. Run a towel and linen program
85% of European hoteliers are already on board with this practice, according to our research. You’ll save water, detergent, and energy when you give your guests the option to reuse their towels and linens. To let your guests know how they can get involved, place water saving information cards in your rooms.
4. Invest in eco-friendly dishwashers and laundry systems
All residential properties should have fully-equipped bathrooms and kitchens. From laundry and dishwashing to room cleaning, there's no denying residential buildings consume a lot of water.
To help reduce your impact on the environment and cut operational costs, replace old washing machines and dishwashers with energy and water saving models. Find low consumption machines that are made of recyclable materials and are built to last.
5. Promote a paperless environment
Technology makes it easy for property owners to reduce their paper consumption. With a cloud-based building management system, you can manage all aspects of your property in one central location—no printing required.
6. Adopt a green purchasing policy
Adopting a green purchasing policy means taking environmental, social, and ethical considerations into account for every decision you make. It involves choosing products and services that have a reduced impact on the environment. You’ll avoid products containing toxic substances, consider whether the products can be recycled, and choose energy efficient and Fairtrade products.
7. Build a waste management and recycling program
Tenants of large residential properties and hotel guests generate massive amounts of waste. Developing a strong waste management and recycling program (including composting) is thus one of the top environmental practices for property owners. To get your tenants or guests involved, provide recycling instructions in rooms and place recycling bins in convenient locations throughout your property.
8. Provide staff training on green initiatives
The more aware and involved your employees are, the easier it will be to manage your green initiatives. Have your staff attend courses on green management and environmentally friendly practices so they can appreciate the crucial role they play.
9. Monitor your energy consumption
Energy is the second largest operating expense for hotels, after payroll. Plenty of tools exist to help you boost energy efficiency, but automatic energy consumption monitoring is the foundation you need to catch problems early and track your improvements.
10. Install a leak detection device
Even a small plumbing leak can cause irreversible damage and cost thousands of euros to fix. Most property owners rely on manual water readings, which are often inaccurate and infrequent. Plus, they don’t catch leaks in time.
Smart leak detection devices like Smartvatten, however, continuously monitor your water consumption so you can catch leaks as soon as they occur.
To learn more about our remote monitoring service, don’t hesitate to get in touch with us!