A circular economy revolves around the three Rs: Reduce, reuse, and recycle. One way of boosting the economy in buildings is to source consumer goods through renting. This would generate the production of more durable goods and reduce the need to use raw materials.
Recycling instead of extracting
Let’s consider those mining companies extracting metals from the ground to manufacture pens, phones, and other consumable goods. These companies are not just exploiting and destroying our natural environment. They are also polluting it.
So if we become more inclined into recycling these materials, we slow down the need to exploit and dig deep for these raw supplies. These mining companies, on the other hand, would turn their focus on cleaning up the planet for profits. This approach brings extractive operations closer to the manufacturing stage. Using this vertical integration can be very beneficial to the economy (and planet). We just need the community to be proactive in recycling.
Manufacturing and repair
Manufacturers who purchase these raw materials and turn them into usable goods and products can benefit a lot from recycled materials. Aside from the cheaper cost, these manufacturing companies can also save energy and water. They can avoid a large amount of pollution.
If they can provide a repairable product, this can significantly mean so much to the environment and to the end consumers. For companies, this eliminates the need to generate more materials; for users, this avoids additional costs from purchasing new items. It cuts down waste from discarding damaged or broken objects.
Buildings rely on renting to generate profit. Once they can fill up their spaces, they can enjoy good economic value and better return on investments. One good consideration for building owners is the changeable market. Take for instance the rise of home-based jobs. Home-based jobs are becoming a trend and office spaces are becoming less attractive. If you do not adapt to these challenges, you would lose the value of your building.
Hence, it is important to find sustainable solutions for your infrastructure. Keep it relevant. Make it flexible for the long haul. It’s also worth remembering to use materials that are durable and adaptive to these rising demands.
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