Dave Marcinkowski is a Founder/Partner in Madera Residential and Quext, focused on creating smarter, healthier apartment communities.
The late American writer and businessman Alvin Toffler, widely known for his prescient insights regarding the digital revolution and its impacts worldwide, once said, “Our moral responsibility is not to stop the future, but to shape it . . . [to] channel our destiny in humane directions and to ease the trauma of transition.”
The concept of shaping the future for the sake of future generations is not new; each generation has found its set of problems to mend for the sake of a brighter future. Today, I believe that one of the most pressing future-shaping conversations centers around the issues of climate change and environmental sustainability.
Navigating Sustainability In Real Estate
Especially for business leaders in the real estate sector, climate change should be a top concern. Sustainable practices can help reduce the carbon footprint of buildings, which is crucial in combating climate change. Economically, sustainable buildings often result in lower operating costs and higher property values, appealing to cost-conscious investors and tenants seeking eco-friendly spaces. Socially, sustainable buildings improve occupant health and well-being, a factor increasingly valued in the market.
Despite these benefits, I see how leaders often hesitate to adopt sustainable measures due to perceived high upfront costs and complexity. However, making the shift toward sustainability doesn’t have to happen overnight, nor does it have to entail a complete overhaul. Existing buildings can incorporate energy-efficient lighting, solar panels and smart energy systems, which significantly reduce energy consumption.
Let’s look now more closely at the materials, integrations and applications that I see laying the groundwork for sustainable living in the decades ahead.
Energy-Efficient Building Materials
Starting at the most foundational level, energy-efficient building materials have played a pivotal role in moving the needle towards widespread, environmentally friendly housing. The ongoing development of materials that provide better insulation, regulate temperature and reduce the need for traditional heating and cooling systems is essential in redefining mindful building and living practices.
As an example, insulated concrete forms (ICFs) and structural insulated panels (SIPs) are materials that I find promising. These provide exceptional insulation and structural strength, significantly reducing energy loss.
On top of this, I recommend those in the industry look to high-performance windows, such as triple-glazed windows with low-emissivity coatings that can minimize heat transfer. You can also look to thermal mass materials: Materials like stone and concrete tend to absorb and store heat energy, helping to stabilize indoor temperatures.
Before implementing any new materials, though, I recommend that businesses first conduct a thorough energy audit to identify areas where efficiency can be improved. This helps in choosing materials that are most effective for a particular building’s needs.
Solar Power Integration
The adoption of solar power has become more accessible and efficient in recent years. Today, property owners can generate clean energy from their rooftops using panels that integrate seamlessly with traditional roofing materials.
Additionally, advancements in energy storage solutions, such as home battery systems, allow buildings to store excess solar energy for use during cloudy days or peak demand hours, further reducing reliance on the power grid.
When investing in these technologies for your properties, it’s crucial to stay informed about government incentives and choose high-quality, efficient solar equipment for long-term benefits. Partnering with reputable solar providers ensures proper installation and maintenance. Educating tenants about the benefits of solar energy can foster support and adoption. I also recommend that businesses stay adaptable to evolving technologies and regulatory changes.
Smart Thermostats/Sensors
It wasn’t until the mid-2000s that the first iterations of smart thermostats emerged. Now, smart thermostats are not only highly adaptive and user-friendly, but they’re also able to leverage seamless connectivity protocols (allowing for remote control and real-time monitoring) and can integrate easily with larger ecosystems.
AI-driven systems now also play a role in helping these devices learn and predict user preferences, deftly translating large datasets based on a broad range of factors. Sensor technology has evolved alongside thermostats, with motion sensors, occupancy sensors, humidity sensors and light sensors (to name a few) now readily integrating with smart home devices to provide accurate data for adjusting temperature and settings based on environmental factors and resident preferences.
Business owners and builders can begin incorporating smart sensors and devices by identifying key areas where automation would be most beneficial such as energy management, security and environmental monitoring. Choosing systems that are interoperable and scalable ensures compatibility with various platforms and future technologies, and investing in quality hardware ensures reliability (and reduces maintenance costs).
Looking Ahead
In the coming years, I predict that we’re going to see energy-efficient smart buildings become the hallmark of sustainable urban development.
The convergence of smart devices with the Internet of Things (IoT) will continue to shape the way residents and property managers embrace the conscientious use of energy as a natural part of professional and domestic life. Data-driven urban planning can encourage the adaptive reuse of buildings and spaces. Empowered by AI insights, city planners can have a better sense of potential usage patterns, traffic flows and resource demands.
Business owners can propel sustainable technology initiatives in housing and urban development by investing in and partnering with companies focused on green technologies such as renewable energy systems, efficient waste management and smart building solutions.
I urge those in the sector to advocate for and participate in policy discussions to support sustainable urban development and incentivize green initiatives. To prepare for scaling and updating, you will want to stay informed about technological advancements, adapt to evolving regulations and plan for financial and operational flexibility to integrate new technologies as they emerge.
Profit Follows Sustainability
It doesn’t matter what side of the climate change issue you side with; technology is moving rapidly toward sustainability. Besides being good for the environment, sustainability is a good business decision.
Simply put, saving people money and making their lives easier and more productive is an excellent business model. I have always said, “Do the right thing, and profitability will follow.”
Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
The post originally appeared on following source : Source link