As a property manager, finding ways to reduce operating costs, attract eco-conscious tenants, and increase property value is always top of mind.
One of the most effective strategies to achieve these goals is obtaining a green certification for your multi-family building. Green certifications validate your commitment to sustainability, enhance your property's marketability, and often lead to long-term savings through increased energy efficiency and reduced waste. But with various certifications available, it can be challenging to determine which ones are right for your property.
In this article, we'll explore the most recognized green certifications for multi-family buildings, the benefits they offer, and how to choose the right program for your property.
Green certifications are more than just a badge of honor—they reflect your property’s commitment to environmental responsibility and operational efficiency. With the growing demand for sustainable living, tenants are actively seeking properties that align with their values. A certified green building not only reduces environmental impact but also enhances tenant satisfaction and retention by providing healthier and more comfortable living spaces.
Moreover, many municipalities and local governments offer incentives for properties with green certifications, such as tax breaks, reduced utility rates, and expedited permitting processes. Green certifications can also increase the resale value of a property and make it more appealing to investors.
There are several well-established green certification programs tailored specifically for multi-family buildings. Here are some of the most widely recognized options:
1. LEED (Leadership in Energy and Environmental Design)
LEED, administered by the U.S. Green Building Council (USGBC), is one of the most prestigious and widely adopted green building certification programs. LEED certification measures a building’s performance across key areas, including energy efficiency, water usage, indoor air quality, and waste reduction.
2. ENERGY STAR
ENERGY STAR certification, managed by the U.S. Environmental Protection Agency (EPA), focuses on energy efficiency. Multi-family buildings with ENERGYSTAR certification perform better in energy efficiency than 75% of similar buildings.
3. WELL Building Standard
The WELL Building Standard measures how a building’s design and operations impact the health and wellness of its occupants. WELL certification focuses on air quality, water quality, lighting, and overall comfort.
4. National Green Building Standard (NGBS)
NGBS is specifically designed for residential buildings, including multi-family properties. It focuses on energy efficiency, water conservation,resource management, and indoor air quality.
5. Fitwel
Fitwel is another health-focused certification that evaluates how a building’s design and management impact the health and well-being of its tenants.
The right certification for your property depends on several factors,including the size of the building, tenant demographics, budget, and long-term sustainability goals. If your focus is on energy efficiency and cost savings, ENERGY STAR or LEED may be the best fit. If you want to prioritize tenant health and well-being, WELL or Fitwel could be the right choice.
Partnering with a waste management provider like WasteXperts can simplify the certification process. Many green certifications, including LEED and NGBS,require a comprehensive waste reduction and recycling program. WasteXperts can help you design and implement a waste management strategy that meets certification requirements and enhances operational efficiency.
Investing in a green certification provides tangible benefits for your property:
Achieving a green certification requires careful planning and the right partnerships. WasteXperts has extensive experience helping multi-family properties implement effective waste management and recycling programs that align with green certification requirements.
Ready to take the next step toward green certification and a more sustainable future? Contact WasteXperts today to learn how we can support your sustainability goals and help you achieve certification success.