About a decade ago, the prospect of owning a house or building that could manage itself with only the assistance of your smartphone, which gave it instructions was next to impossible.
Regardless, smart home technologies have evolved from the conventional clap to switch on and off the light to complete remote management, with the addition of very advanced Artificial Intelligence, your home is cleaned, kept safe and many more with just the use of your smartphone.
However, the million-dollar question is, how has this affected real estate? With the highly competitive nature of real estate in the USA, it is vital that every property investor keeps up with the trends not only in design but also in ways that technology can be incorporated in homes to make life easier and better.
Smart home technology has had a significant impact on real estate marketing. Stylish homes come with a good number of gadgets and techniques such as security gadgets, cleaning devices, and sensors. All of which would be connected to the central home system to ensure they work seamlessly and effectively.
All of these gadgets function how you want them to work, for example, you like to take your morning coffee on the go, and you like it quite hot, you can instruct your coffee machine to start brewing an hour before to make sure it’s beautiful and warm when you are ready to go.
With such a feature in a home, its first benefit is that it increases the value of the home: all these appliances would indeed make life easier for its occupant but also be valued more than other traditional houses.
The cost of houses sold is determined by the features and appliances it has, and smart homes have just what it takes to wow anyone. Mr. Chad Curry, the NAR’s managing director of the Center of Realtor, said that smart homes increase around 5% in price, this gives its investors high return by buying regular homes and making them smart then sell them and make a good profit. Moreover, this also benefits the users of such smart homes by providing luxury and comfort.
Smart homes are in more demand than traditional homes. In the US, recent studies have shown that more than 80% of Americans opt for homes equipped with smart technology over traditional houses. Better still; people ready homes as a selling point and they are very willing to pay for it, and they feel smart homes are the future. They have also been known to spend less time on the market as they are in high demand.
With the quantum leaps in technology and its application, it is almost sure that smart homes would soon become the standard way of living this is happening so fast that a survey by HomeAdvisor revealed that about 77% of millennial had purchased ready homes in the last year alone.
Smart homes remain a minefield that is sought after by both investors and users at a rising rate, which makes it an ideal investment to make.