Not everyone is in the market to build new properties from scratch for their tenants. Often, property owners and managers look to make the most of their current buildings, ensuring they’re structurally and ecologically sound. But is it worth it to “retrofit” your properties to make them more environmentally friendly? Let’s take a look at the drawbacks and benefits of this approach.
There are a few drawbacks to retrofitting buildings in order to give them that “green sheen.” One is that, depending on the changes you want to make, a significant amount of capital may be required upfront.
Time and energy costs are also something to consider. Talking to contractors, comparing bids and making other decisions can sap an owner or property manager’s precious hours and mental resources.
But, like most things that benefit the environment, there are far more pros than cons when it comes to doing a green retrofit. One of the biggest advantages is saving time, energy and money on your properties in the long run – and we could be talking decades! Then there are the undeniable health benefits of living in a greener environment, which can be a great relief to your tenants (or yourself) should your properties house asthma and/or allergy-sufferers.
You may also be eligible for tax breaks for your going-green efforts, which is an additional savings. Be sure to discuss the specifics with your accountant.
Sometimes, making a property greener is easy, like with Smart Rain’s cutting-edge irrigation system. No heavy retrofitting required; just give us a call today, and learn how you can “go green” quickly, easily and economically!