Various Newington property owners wonder if installing smart home technology in their rental property is a necessary and worthwhile investment. The short answer is that the potential returns for many smart home devices actually vary. In this regard, what are the preferable smart home gadgets for a rental property? Let’s look at some of those that are actually in huge demand among renters across the country.
Advanced Safety Systems
As stated by a most recent survey, more than 75% of renters are willing to pay a premium rent for dwellings that actually use diverse smart home features. In fact, more than half of these renters said they would willingly pay an extra $20 or more for smart home features. Renters specifically requested three types of smart home equipment, with safety features, like for instance smart locks and smart doorbells, topping the list.
Smart locks are electronic devices that allow you and your tenant to secure or access a property without using a physical key. There are indeed several types of smart locks, but actually, most are opened using a phone app or a pin code. Tenants prefer smart locks for the reason that they can check their home security from their phones, and on the other hand, Newington property managers get smart locks because they want to just avoid the need to replace locks when tenants change. Smart doorbells, as an option, foster tenants to filter guests and check carefully who is entering and leaving the property. This security feature might be very enticing, in particular, to younger adult tenants who want to closely monitor their home and valuables.
Smart Energy Management
Tenants are, as well, very much interested in smart home devices that help keep track and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all regular products that can be reviewed and managed via a smartphone app. The app provides you the means 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 primarily caused by leaving things on. The fact that these devices are quite a bargain to install but may be a great attraction for renters is indeed perhaps the most important benefit for property owners.
Moisture Sensors
And lastly, moisture sensors are smart home gadgets that contribute many various benefits to both tenants and property owners. Water leaks are certainly one of the most common issues that tenants and property owners confront. Basements, under cabinets, and behind appliances are all prevalent issue spots where water leaks can form and go undiscovered for so long. Water damage is an expensive repair, principally if it has progressed to the point where wood rot or mold has develop full blown. Outfitting smart moisture sensors can foster you in detecting water leaks earlier and scheduling necessary maintenance and repairs immediately and rather easily. Your tenant will be actually relieved that water-related damage has been avoided, and you will save money by avoiding financially steep emergency repairs.
In the final analysis, the most appropriate 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 pull in a more tech-savvy renter demographic to your rental property, if that is something you’ve hoped to do.
Real Property Management Hartford Metro/Greater New London can allow you to advantageously optimize your profits and modernize your rental property. Contact us online today!
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