Hey Alexa, will the next listing looky-loo really care that my home is smart? 80-million smart home devices were delivered in 2016 – up 64% from the previous year, and expected to climb even higher in 2017. In today’s spotlight on real estate trends, we’ll take a look at what smart home technology is trending, why – and how being in-the-know on smart tech can give your business a boost.
Getting On-Board with the IoT and Smart Tech
Eighty-six percent of millennials and 65% of baby boomers are willing to spend more to rent a home with smart tech. And it stands to reason they’ll spend more to purchase a home harboring it as well. Smart tech can make it easier for you to market and sell homes, especially to younger audiences.
Which Tech is in High Demand – And Why??
• Smart Thermostats
HVAC consumes the largest amount of energy in the home. Smart programmable thermostats save money, adjusting temperatures when the home is occupied (and not) to save on electricity – some 12-23% of power costs.
• Smart Home Security
A growing concern, studies show 60% of convicted burglars are deterred by the presence of home security. Smart security offers effective, affordable protection, with cloud-storage and incident support as little as $10/month. An easy sell for agents.
• Leak Detection Sensors
Safety devices like smart fire and smoke detectors, carbon monoxide monitors, radon, and moisture detectors are a large part of what qualifies a home as ‘smart’ to buyers. And the benefits are obvious. What’s more, when used on older homes they can instill a sense of confidence in home dependability.
• Smart Watering Systems
An easier way to plan restriction-compliant watering – and track usage.
• Smart Garage Doors
Forget to close the door? Unexpected visitor? Problem solved!
Being in-the-know on smart tech makes smart business sense. Take advantage of the latest real estate trends with the help of Properties Online today.