Stabilise your property value with materials that last
Real estate is an expensive investment, which leads some developers to attempt to cut costs by using cheap products and materials. But this is often the worst thing you can do to your long-term property value, your sustainability profile and your building lifecycle.
Opting for more durable products and materials is the best way to extend a building’s lifecycle and reduce the environmental impact. A longer lifecycle minimises the amount of construction and demolition waste sent to landfill, while a short lifecycle consumes more natural resources. This is an essential consideration for any building project because the building industry is already responsible for a third of all landfill waste — and this amount is increasing worldwide. Choosing long lifecycle materials not only slows the obsolescence and degradation of your building, but it also raises your sustainable profile, which tenants, owners and architects are increasingly looking for as the Covid pandemic subsides.
What can a durable, sustainable building do for you?
According to DODGE Data & Analytics’ Smart Market Report: World Green Building Trends 2018, investing in sustainable buildings with durable materials boosts several stages of your building’s lifecycle. From leasing to leaseholder retention, operational costs and property sale, your building will perform better than non-sustainable competitors.
The report also uncovered three additional business benefits of sustainable, durable buildings: