Many Peachtree Corners landlords are unsure if installing smart home devices in their rental property is a good investment. The basic answer is that the expected returns on various smart home devices differ. So, which smart home devices are most appropriate for a rental property? Let’s take a look at some of the most popular among renters across the country.
Tech-Enhanced Safety
According to a recent survey, more than 75% of renters are willing to pay a premium rent for a property with specific smart home features. More than half of these tenants thought that smart home features would be worth an extra $20 or more to them. Renters stated they desired three sorts of smart home gadgets in particular—safety features, such as smart locks and smart doorbells, were at the top of the list.
Smart locks are electronic locks that enable you and your tenants to secure or access a property without the use of a physical key. There are many types of smart locks, but most are unlocked using a phone app or pin code. Renters enjoy smart locks because they can monitor their home security from their phones, while Peachtree Corners property managers appreciate smart locks since you don’t need to replace the locks each time you change tenants.
On the other side, smart doorbells enable tenants to filter guests and monitor who enters and exits their property. This security feature might be extremely appealing, particularly to younger adult tenants who enjoy keeping an eye on their homes and valuables.
Smart Utilities
Tenants also desire smart home devices that assist in monitoring and reducing utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all commonly accessible gadgets that can be controlled using a smartphone app. The thermostat temperature can be adjusted, lights can be turned on and off, and outlets may be turned off using the app.
These gadgets can help save money on electricity while also reducing the risk of fire or other hazards associated with leaving things on. Perhaps the most important thing for property owners is that these devices aren’t very expensive to put in, but they can be a big draw for renters.
Water Sensors
Finally, moisture sensors are smart home gadgets with a lot to offer both tenants and property owners. Water leaks are one of the most common difficulties tenants and property owners encounter. Basements, underneath cabinets, and behind appliances are all well-known sites where water leaks can form and remain undiscovered for an extended period of time. Water damage is costly to repair, especially if it has progressed to the point where wood rot or mold has developed.
Installing smart moisture sensors can help you find water leaks before they happen and make sure you get the maintenance and repairs you need quickly and easily. Your tenant will be relieved that there will be no water damage, and you will save money by not having to pay for costly emergency repairs.
Finally, the greatest smart home technology for your rental property is one that pays you back through increased rent or happier tenants – or both. If you’ve hoped to attract a more tech-savvy audience to your rental home, this is a good way to achieve it.
Real Property Management Greenway can help you optimize your profits and modernize your rental property. Contact us online today!
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