How To Make Your Investment Property Eco-Friendlier

In light of the recent plastic bag ban, it’s safe to say Perth is slowly becoming more environmentally conscious.

When it comes to managing your Perth investment property, making sure it’s eco-friendly will reap a world of benefits not only for your tenants and the environment, but even for your bank account as eco-friendly options can improve the capital growth of your property. Here are some simple ways to ensure your Perth investment property is eco-friendly.

Watch water usage

While leaky taps and toilets may seem like nothing more than an annoyance, they can result in kilolitres of wasted water every year, meaning it’s important to fix leaks as soon as you notice them. It’s also wise to make the switch to a water-efficient shower head, as this can save up to 20 litres of water per minute; the same applies to your dishwasher and washing machine. Taking the time and effort to find water-efficient appliances for your eco-friendly property will make a world of difference. It will also benefit your tenants, as it will help to keep their water bill under control.

Use energy efficient light bulbs

Did you know that roughly 15% of the average electricity bill goes towards lighting? LED and fluorescent light bulbs use approximately seven times less energy than incandescent lights and can also last 10 to 25 times longer. By opting for these alternatives you’ll spend less on light bulbs in the long run, and your tenants will notice a significant difference in their electricity bill.

Consider solar panels

It would be impossible to have a conversation about eco-friendly properties without discussing solar energy. While solar energy is a more expensive option upfront to buy and install, the difference in cost will be paid back over time through the improved capital growth of your property, and it will also result in reduced energy bills for your tenants.

After all, a solar hot water system can supply 50% to 90% of your Perth investment property’s hot water needs and is significantly eco-friendlier than your typical gas hot water system. There is a myriad of different hot water systems available, so start researching to find one that’s suitable for your Perth investment property.

Insulate the property well

Gaps around your doors and windows can be virtually invisible, but they can also be your property’s worst nightmare. They allow cool air to escape during summer and warm air to escape during winter, rendering your heating and air conditioning useless. For an eco-friendly property to stay at the ideal temperature throughout all seasons, seal the gaps around your doors and windows.

Inform tenants about recycling

It’s a good idea to discuss recycling with your tenants as the three bin system is currently being rolled out across councils in Perth. This means that in addition to the usual recycling and general waste bins, there is a third bin for organic garden waste that can be converted to compost. If your Perth investment property falls within one of these areas, make sure you inform your tenants about the three-bin system as well as when to take the bins out.

Expert advice from Rentwest Solutions

If you need advice on how to make your Perth investment property eco-friendlier, Rentwest Solutions can provide the solutions you need. Our experienced Perth property management team can offer expert advice on the benefits of an eco-friendly property as well as help you stay on top of its everyday maintenance. Get in touch with Rentwest Solutions on 08 9314 9888 or email us at [email protected]

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