When considering the next generation of renters, what do you imagine? The next significant group of renters are adults under 40, whose needs and desires vary greatly from past generations. In Waterford, property owners must stay competitive in the single-family rental market by addressing young adults’ needs and modernizing their rental homes.
Smart Technologies for Rental Properties
With the growth of handheld smart technologies, smart homes are becoming more widespread. Numerous young renters have been exposed to smart technologies, such as smart thermostats and lighting, in their family homes. With these smart technologies, you can easily adjust thermostats or control lighting with a few clicks.
Smart technologies aren’t just fancy extras; they can substantially improve a rental home’s performance and attract quality, long-term tenants. Let’s delve into smart thermostats and lighting to explore the benefits they offer rental property owners.
Benefits of Smart Thermostats
Programmable smart thermostats use advanced technology to learn your habits and automatically adjust temperature settings. They track real-time energy consumption, automatically adjust when no one is home, and allow remote control of the home’s climate.
Although the upfront cost of smart thermostats is higher than traditional ones, they can generate significant energy savings, potentially saving residents hundreds of dollars per year. Moreover, smart thermostats provide a consistently customized and comfortable home climate. Although they need a higher initial investment, smart thermostats are designed to recoup the cost relatively quickly through energy savings and improved efficiency.
Reason to Consider Smart Lighting
Smart lighting systems, akin to smart thermostats, are specifically designed to reduce energy consumption and increase efficiency. These systems combine high-efficiency light fixtures and automated controls that adjust autonomously based on the number of occupants and natural light conditions.
Smart lighting can be programmed, managed via a mobile app, and customized to optimize energy use and improve home security. Smart lighting is one of the most accessible and cost-effective smart home technologies, ideal for those starting to integrate innovation into their living spaces.
For further information on how smart technologies can enhance your rental property management, get in touch with Real Property Management Hartford Metro/Greater New London today. Our experienced team is ready to assist you in incorporating the latest innovative solutions for enhanced efficiency and tenant satisfaction. Connect with us online or call 860-316-4388.
Originally Published on September 14, 2018
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