A vast majority of Colchester property owners are seriously considering if adding smart home technology to their rental property is a profitable and worthwhile investment. The short answer is that the projected returns for different smart home devices vary. In this connection, what are the choicest smart home gadgets for a rental property? Let’s look at some of those that are in increasing demand among renters across the country.
Advanced Safety Systems
Corresponding to a recent survey, more than 75% of renters are willing to pay a premium rent for dwellings that incorporate distinctive smart home features. And certainly, more than half of these renters said they would gladly pay off an extra $20 or more for smart home features. Renters also disclosed they, in particular, wanted three types of smart home equipment, with safety features, for example smart locks and smart doorbells, topping the list.
Smart locks are electronic devices that enable you and your tenant to secure or access property without the use of a physical key. There are several types of smart locks, but the majority are opened by merely using a phone app or a pin code. Tenants prefer smart locks in as much as they can check their home security from their phones, whereas Colchester property managers choose smart locks on the account so that they elude the need to replace locks when tenants change. Smart doorbells, optionally, provide the means for tenants to filter guests and see who walks in and out of the property. This security feature can certainly be attractive, above all, to younger adult tenants who desire to always be able to monitor their home and valuables.
Smart Energy Management
Tenants are, as well, greatly interested in smart home devices that help carefully check and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all widespread products that can be administered and managed via a smartphone app. The app efficiently helps you to control the thermostat temperature, turn on and off lights, and turn off energy to outlets. These gadgets assist to save energy and prevent the risk of fire or other hazards oftentimes brought on by leaving things on. The fact that these devices are quite cost-effective to install while at the same time being a great attraction for renters is perhaps the most pivotal benefit for property owners.
Moisture Sensors
And definitely last but not least, moisture sensors are smart home gadgets that give a whole lot of benefits to both tenants and property owners. Water leaks are sadly one of the most common issues that tenants and property owners confront. Basements, under cabinets, and behind appliances are all the usual and common issue spots where water leaks can form and go undiscovered for a very long time. Water damage is an expensive repair, exactly if it has progressed to the point where wood rot or mold has built up. Using smart moisture sensors can effectively help you in detecting water leaks earlier and scheduling necessary maintenance and repairs quickly and without stress. Your tenant will be joyfully relieved that water-related damage has been avoided, and you will save money by averting pretty expensive emergency repairs.
By way of conclusion, the more desirable and fitting smart home tech for your rental property are those devices that will pay you back in higher rent or happier tenants – or both. It may specifically appeal to a more tech-savvy renter demographic to your rental property if that is something you’ve aspired to do.
Real Property Management Sterling can competently guide and assist you to properly optimizing your profits and modernizing your rental property. Contact us online today!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
