What do you envision when you think of the next generation of renters? Adults under 40 are poised to be the next major group of renters, and their needs and wants are quite different from previous generations. As a property owner in Milford, staying competitive in the single-family rental market requires understanding young adults’ needs and making upgrades to your rental homes.
Smart Technologies for Rental Properties
As handheld smart technologies proliferate, smart homes are becoming more common. Young renters often have grown up with smart technologies like smart thermostats and lighting in their homes. These technologies make it possible to change thermostat settings or operate lighting with a few clicks.
More than fancy extras, smart technologies can considerably enhance the performance of a rental home and attract quality, long-term residents. Let’s take a closer look at smart thermostats and lighting and the benefits they offer for rental property owners.
Benefits of Smart Thermostats
Smart thermostats, equipped with advanced technology, learn your behavior and adjust the temperature settings to match. They can track energy usage in real time, automatically adjust settings when no one is home, and provide remote control of the home’s climate.
Despite their higher upfront cost, smart thermostats can result in significant energy savings, potentially saving residents hundreds of dollars each year. Besides, smart thermostats keep a customized and comfortable home climate at all times. 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
Similar to smart thermostats, smart lighting systems are crafted to minimize energy use and maximize efficiency. These systems combine high-efficiency light fixtures and automated controls that adjust autonomously based on the number of occupants and natural light conditions.
These lighting solutions can be programmed, controlled through a mobile app, and customized to save energy and boost home security. Of all the smart home advancements, smart lighting is among the most accessible and affordable, making it an excellent starting point for integrating innovation into your home.
To learn more about how smart technologies can improve your rental property management, contact Real Property Management Diamond today. Our experienced team is ready to assist you in incorporating the latest innovative solutions for enhanced efficiency and tenant satisfaction. Contact us via our website or call 302-313-7700.
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