If you’re looking to invest in property, saving the planet can be easier than you think. Choosing a sustainable development by a trusted property developer is a great way to make sure the housing of the future is eco-friendly. Consumers have considerable impact on the market and the number of both tenants and investors wanting a property that is better for the planet is constantly on the rise. As there are more renters than ever before, more of them are looking for a landlord and a rental property that is eco-friendly, proving a lucrative new investment opportunity.
The environmental impact of a new building is high on developer’s agendas, and they take several steps to ensure the sustainability of a development. West Point Manchester, sold by RW Invest is a great example of an eco-friendly property development, which offers environmentally friendly living as well as all of the modern amenities tenants expect. This new apartment building features innovative features and low carbon technology, with 100% energy efficient LED lights. Solar panels generate energy, as does an air source heat pump and a state of the art heat recovery ventilation system to reduce how much energy is wasted. There are a number of sustainable property developments available on the market, that are perfect for those looking for an eco-friendly property opportunity.
There are other considerations that might have a further impact on the sustainability of your property. Purchasing a property that is close to public transport links, and one without a car park space, makes it far more likely that your tenants will choose eco-friendly transport choices like walking or cycling. If the property is close to major work hubs, then it is even more likely that your tenant won’t own a car.
Recent legislation has meant that landlords need to be more aware of the energy efficiency and environmental impact of their property than ever before. New build properties are now legally required to have an acceptable EPC rating. Tenants in properties with an energy rating of F or G are legally permitted to demand that their landlord improves its energy efficiency since April 2018. Landlords may have to pay a fine if their properties aren’t up to scratch so new build developments are a sensible financial choice as well as an environmental one
Once you have chosen which property to invest in, there are a number of ways you can be an eco-friendly landlord too. Eco-friendly home ideas like choosing LED lightbulbs and having energy efficient appliances can all make a big impact on the environmental impact of your property investment. You could also install environmentally friendly features like dimmer switches, energy efficient thermostat control and recycling or compost facilities. Water saving measures like a low-flow shower head can help reduce water wastage and well insulated homes are great for reducing the amount of energy wasted. Investing in properties which have an environmental focus is becoming easier than ever, as more tenants and investors are looking for eco-friendly options. As an investor, it makes sense on both an environmental and financial level to choose a property that is better for the planet.