Majority of Douglaston property owners are asking if setting up smart home technology in their rental property is a solid and worthwhile investment. The short answer is that the potential returns for lots of smart home devices definitely vary. Having said that, what are the more desirable smart home gadgets for a rental property? Let’s look at those that are in massive demand among renters across the country.
Advanced Safety Systems
As reported by a recent survey, more than 75% of renters are willing to pay a premium rent for dwellings that actually offer particular smart home features. Unquestionably, more than half of these renters said they would willingly pony up an extra $20 or more for smart home features. Renters particularly request three types of smart home equipment, with safety features, to cite an example smart locks and smart doorbells, topping the list.
Smart locks are electronic devices that allow you and your tenant to secure or access a property without the application of a physical key. There are so many types of smart locks, but the majority are opened by merely a phone app or a pin code. Tenants prefer smart locks as they can take a look at their home security from their phones, while Douglaston property managers choose smart locks given that they effectively inhibit the need to replace locks when tenants change. Smart doorbells, as another option, can be helpful to tenants to filter guests and see who goes in and out from the property. This security feature might be very enticing, particularly for younger adult tenants who find pleasure in monitoring and being aware of their home and valuables.
Smart Energy Management
Tenants are also quite interested in smart home devices that help carefully monitor and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all typical products that can be operated via a smartphone app. The app can be used to your advantage 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 caused by leaving things on. The fact that these devices are really cost-effective to install but may have a large appeal for renters is positively the most crucial benefit for property owners.
Moisture Sensors
One final thing, moisture sensors are smart home gadgets that grant a bunch of benefits to both tenants and property owners. Water leaks are certainly one of the most common issues that tenants and property owners confront. Basements, under cabinets, and behind appliances are all customary issue spots where water leaks can form and go undiscovered for quite a long time. Water damage is an expensive repair, concretely, if it has progressed to the point where wood rot or mold has developed and magnified. Putting up smart moisture sensors can be helpful to you in detecting water leaks earlier and scheduling necessary maintenance and repairs right off and with no trouble. Your tenant will be decidedly relieved that water-related damage has been avoided, and you will save money by getting away from unreasonable and expensive emergency repairs.
Finally, at the end of the day, the appropriate 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, as well, attract a more tech-savvy renter demographic to your rental property if that is something you’ve hankered to do.
Real Property Management Innovation can confidently help you to beneficially optimize your profits and modernize your rental property. Contact us online today!
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