Numerous tenants seek out properties with smart technology devices installed. You might be worried that creating a “smart home” for your tenants will take time and money. The good news is that this is not the case; you can provide your tenants with the tech-enhanced conveniences they desire with just a few low-cost products. This blog post will discuss the top smart devices to add to a rental property in order to increase its value and desirability.
According to the latest survey on Rent.com, 82% of renters want at least one smart device in their rental home, but nearly 49% of them don’t have any. These statistics show a high demand for smart technology in rental homes, as well as an opportunity for Davidson property managers to improve their rental properties’ competitiveness. Installing smart technology devices is one of the best ways to increase the value of your rental property. Simple light bulbs to sophisticated security systems are examples of these devices. Let’s take a look at some of the more cost-effective options for rental properties:
Smart Lighting. Smart light bulbs are one of the most widespread devices in smart rental homes. These LED bulbs can change colors, turn on and off, and dim when controlled by a phone or voice assistant. Additionally, they are extremely energy-efficient, which is beneficial for you and your tenants. There are smart light bulbs available for as little as $15 each, making them one of the best places to start upgrading your smart rental home.
Smart Plugs. Smart plugs can be plugged into any outlet and be controlled via a voice assistant or phone. You can control anything plugged into them, including lamps, coffee makers, and other appliances. The convenience will appeal to your tenants, and the cost will appeal to you: a basic smart plug costs around $20.
Smart Speakers. Smart speakers are voice-activated devices that can play music, answer questions, and set alarms, similar to the Amazon Echo and Google Home. As a convenient method for controlling other smart devices, they are gaining popularity in rental homes. A simple smart speaker will cost around $50.
Smart Thermostats. Smart thermostats are a splendid way to cut costs and energy. They can be controlled with a phone or a voice assistant, learning your schedule and adjusting the temperature on their own. For around $100, you can get a basic smart thermostat.
Video Doorbells. Video doorbells are an excellent way to make your rental property more secure. They enable you to see who is at your door and speak with them even when you are not at home. Some also record helpful videos for tenants and property owners. A standard video doorbell can normally cost around $200.
Smart Smoke Detectors. Another great way to make your rental property more secure is to install smart smoke detectors. They can be connected to your phone, so you can be notified of a fire even if your tenant is not at home. A basic smart smoke detector will cost you around $100.
As you’ve seen, there are numerous cost-effective options for incorporating smart technology into your rental property. You can offer your tenants the convenience and peace of mind they seek by installing just a few of these devices.
Still have questions? Real Property Management Experts have expert advice on how to upgrade your rental property with smart technology. Contact us online today!
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