Managing a multifamily property has many facets. Beyond building maintenance and upkeep, retaining and attracting residents is essential—all while keeping costs down to ensure profitability. With all these responsibilities to juggle, there’s no need to be lukewarm about installing energy and water-saving products in your properties.
Current and future residents want to go green. In fact, a recent survey found that two-thirds of renters believe energy efficiency and other environmentally friendly factors are essential when deciding where to live. One study found, 73% of Gen Zers would not only pay more for eco-friendly products, but 54% are willing to pay up to 10% more. Millennial and Gen Z renters increasingly prioritize sustainable, environmentally friendly amenities like LED lighting and water-saving showerheads when searching for new apartments.
Retrofitting multifamily properties and choosing to do so with energy and water-efficient products increases NOI (Net Operating Income) by:
- Substantially lowering electricity, gas and water costs.
- Retaining and attracting residents through eco-friendly products adding comfort, convenience, safety and style.
- Reducing maintenance and labor costs while boosting property value and rental income.
Water and energy efficiency is a broad category, which makes it difficult to evaluate which products will provide the best return on investment. Efficient fixtures used to have a bad reputation for usability, comfort and appearance— but the days of high-efficiency showerheads that trickle rather than spray, and drab kitchen faucets are over.
There’s no simpler, easier, or more impactful way to cut utility expenses, while delighting your residents than upgrading to elegant, efficient and convenient bath and kitchen fixtures. They’ll not only make your property look and feel better, they’ll also do double duty by saving both water and the energy used to heat it.
Here are a few of our favorites:
ShowerStart® TSV by Evolve
These clever showerhead-attached valves help residents enjoy more comfort, convenience and freedom during their get-ready-routines, while saving water and the energy used to heat it–all without changing showerhead feel or flow. They’re about as easy to install as a lightbulb and work by effortlessly saving the hot water that's used while residents wait for the shower to get warm.
ShowerStart® Express Tub and Shower System by Evolve
Revive your bathrooms with this forward-thinking tub spout and showerhead combo to enjoy the definitive fusion of comfort, convenience and conservation. Featuring ShowerStart Express technology, the system gets showers warm up to 3X faster. Residents will also enjoy great feeling high-pressure shower sprays, more convenience and freedom during their get-ready-routines and lower energy bills. The system works by speeding hot water delivery, conveniently saving the hot water that's accidentally used while waiting for the shower to get warm, and by eliminating tub spout diverter leaks–saving up to 15 gallons of hot water per shower.
Earth® Luxe Showerheads by Niagara Conservation
Residents will appreciate the flexibility to customize spray-feel to match their mood. Not to mention this model offers transitional styling and chrome, brushed nickel, or matte black finishes to match any decor. Patented Equiforce® Technology ensures a satisfying shower experience by delivering uniform flow, high-pressure sprays and broad coverage. With Equiforce®, warm, deep-cleaning showers are just as water and energy efficient as they are soothing.
Earth® Luxe Bath & Kitchen Faucets by Niagara Conservation
Featuring versatile transitional styling to match any décor, metal handles and ceramic cartridges for smooth and precise water control, quick connects and braided nylon supply lines for fast and easy installation, this WaterSense Certified faucet collection is ideal for affordably enhancing property appeal while reducing water and energy bills. Bath choices include single and two handle faucets in both standard and high-arc designs. Kitchen options include a two-handle high arc-design with side sprayer as well as a premium single handle pull-down faucet with standard and turbo sprays.
As this article shows, something as simple as adding a ShowerStart® TSV to a showerhead can impact your bottom line—and will improve the environment to boot. By combining water and energy savings into a single product, such as shower, kitchen and bath fixtures do, satisfaction and cost savings increase exponentially. The truth is you really can do it all—reduce energy and water use, boost your NOI, increase resident appeal and enhance the value of your property.
