Most Summerfield property owners wonder if setting up smart home technology in their rental property is a useful and worthwhile investment. The short answer is that the usual returns for particular smart home devices vary. With that in mind, what then are the most appropriate smart home gadgets for a rental property? Let’s look at those that are in currently huge demand among renters across the country.
Advanced Safety Systems
As stated in many recent surveys, more than 75% of renters are willing to pay a premium rent for dwellings that encompass some smart home features. Needless to say, more than half of these renters said they would readily give payment of an extra $20 or more for smart home features. Renters expressly requested particularly three types of smart home equipment, with safety features, namely smart locks and smart doorbells, topping the list.
Smart locks are electronic devices that can be of help to you and your tenant to secure or access a property without the practical application of a physical key. There are a large number of different types of smart locks, though the majority are opened by administering a phone app or a pin code. Tenants prefer smart locks owing to the fact they can look after their home security from their phones, while Summerfield property managers adopt smart locks seeing that they allow them to steer clear of the need to replace locks when tenants change. Smart doorbells, as another option, enable tenants to filter guests and determine who comes in and out from the property. This security feature might be very enticing, primarily for younger adult tenants who want to monitor always their homes and valuables.
Smart Energy Management
Tenants are equally pretty much interested in smart home devices that help check and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all very regular products that can be managed via a smartphone app. The app is giving tenants the chance to easily 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 provoked by leaving things on. The fact that these devices are low-cost to install but they may be a great attraction for renters could be the most focal benefit for property owners.
One final thing, moisture sensors are smart home gadgets that endow multiple benefits to both tenants and property owners. Water leaks are definitely one of the most common issues that tenants and property owners confront. Basements, under cabinets, and behind appliances are all basic issue spots where water leaks can form and go undiscovered for a long time. Water damage is an expensive repair, particularly if it has progressed to the point where wood rot or mold has evolved. Merely installing smart moisture sensors can really help you in conveniently detecting water leaks earlier and schedule necessary maintenance and repairs faster and expediently. Your tenant will be greatly relieved that water-related damage has been avoided, and you will happily save money by warding off pricy emergency repairs.
In the final analysis, the most excellent 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 further entice a more tech-savvy renter demographic to your rental property if that is something you’ve sought to do.
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