What Smart Home Technology is Trending in Real Estate?

Hey Alexa, will the next listing looky-loo really care that my home is smart?

Eighty million smart home devices were delivered in 2016 – up 64 percent from the previous year, and that number is 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 percent 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 is not) to save on electricity – some 12-23 percent of power costs.

Smart Home Security

A growing concern, studies show 60 percent 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. Read more articles on smart real estate technology here.

To view the original article, visit the Properties Online blog.