Depending on where you build your multifamily communities, water-effecting factors such as drought or aging infrastructure can leave you feeling soaked with pressure or dried up on options.
Luckily, the rise of smart water solutions has begun to make it easier for developers to save, monitor and manage the water in their developments.
We spoke with Gillan Taddune, CEO of Banyan Water, to discern how smart water management can be used in multifamily communities to conserve water and save money.
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Where Water Stands Today
Currently, data shows that water rates are increasing more than six percent annually and the costs of outdoor irrigation is often the largest cost for property managers.
“Smart water solutions can help reduce this cost while maintaining landscape health and aesthetics,” says Taddune.
Taddune adds that water scarcity is also an issue that can no longer be ignored. “In the context of drought and increasing water rates, many companies are looking toward innovative technology solutions to help solve this critical problem and also meet sustainability goals.”
Smart Water Solutions
Banyan Water points to the importance of using data and analytics to save both water and money. The company utilizes first-of-its-kind water savings technology to realize and quantify savings.
These types of real time analytics and reports can pinpoint problems and leaks within existing systems to ensure that no drop of water goes wasted. And when people aren’t paying attention, wasted water is something that will most certainly occur.
Just last year, Banyan Water saved clients 383 million gallons of water, representing a 60 percent savings. That’s enough water to supply about 32,000 homes for a month. If that water was wasted, the headaches and costs for developers would be unimaginable.
“While monitoring technologies immediately provides value through identification of large anomalies, water waste is often smaller and more gradual,” says Taddune. “Because of this, water data is much more valuable when consistently tracked over time to allow historical trends to emerge. Future innovations include the provision of historical water-use data and benchmarking across multiple properties in a portfolio.”
Tech for Water Savings
Using analytics and monitoring systems will only go so far if developers aren’t also using tech to make these savings as smart as they can be.
And there are certainly plenty of solutions out there to achieve this. Water-conserving faucets and showers can monitor and manage the amount of water that residents use on a daily basis. Leak detection systems can identify and thwart wasteful leakage right on the spot.
It’s up to developers to figure out the best tech to implement, but it all starts with proper monitoring and management of the water that flows through each and every single unit in your community.
When builders pay attention, the savings can truly be monumental.