A large number of Lewes property owners are considering if putting smart home technology in their rental property is a sufficient and worthwhile investment. The short answer is that the potential returns for majority of smart home devices greatly vary. In this regard, what are the most ideal smart home gadgets for a rental property? Let’s look at those that are in considerable demand among renters across the country.
Advanced Safety Systems
As stated by a new survey, more than 75% of renters are willing to pay a premium rent for dwellings that provide various smart home features. Undoubtedly, more than half of these renters said they would willingly give an extra $20 or more for smart home features. Renters also commonly request three types of smart home equipment, with safety features, for example smart locks and smart doorbells, topping the list.
Smart locks are electronic devices that can be of advantage to you and your tenant to secure or access a property without the usage of a physical key. There are a bunch of types of smart locks, but the majority are opened by simply making use of a phone app or a pin code. Tenants prefer smart locks considering they can check out their home security from their phones while Lewes property managers choose smart locks since they help avoid the need to replace locks when tenants change. Smart doorbells, at the same time, can be of great use to tenants to filter guests and check who appears and goes from the property. This security feature might be very inviting, specifically for younger adult tenants who like monitoring and being informed of their home and valuables.
Smart Energy Management
Tenants are also especially interested in smart home devices that help carefully monitor and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all commonly used products that can be administered via a smartphone app. The app can be beneficial to you to help 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 traceable to leaving things on. The fact that these devices are quite cost-effective to install and on top of that may be a huge enticement for renters is undoubtedly the most salient benefit for property owners.
One final thing, moisture sensors are smart home gadgets that lend a multiplicity of benefits to both tenants and property owners. Water leaks are actually one of the most common issues that tenants and property owners confront. Basements, under cabinets, and behind appliances are all prevalent issue areas where water leaks can form and go undiscovered for quite a long time. Water damage is an expensive repair, explicitly, if it has progressed to the point where wood rot or mold has sprouted. Simply installing smart moisture sensors can be of great use to you in detecting water leaks earlier and scheduling necessary maintenance and repairs as quickly as possible and timely too. Your tenant will be happily relieved that water-related damage has been avoided, and you will save money by staying away from very expensive emergency repairs.
At the end of the day, the right 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, in addition, invite a more tech-savvy renter demographic to your rental property if that is something you’ve been wanting to do.
Real Property Management Diamond can be greatly helpful to you to optimize your profits and modernize your rental property. Contact us online today!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.