Many Staunton rental property owners worry whether it’s a worthwhile investment to have smart home gadgets installed in their rental property. The basic answer is that the payoffs on various smart home devices vary. Therefore, which smart home devices are the most appropriate for a rental property? Let’s take a look at those that are in high demand among renters throughout the country.
Tech-Enhanced Safety
According to a recent survey, more than 75% of tenants are willing to pay a higher rent for apartments equipped with certain smart home features. Over half of these tenants indicated that they would spend an additional $20 or more on smart home features. Renters expressed a need for three types of smart home gadgets in particular—security features, such as smart locks and doorbells, were at the top of this list.
Smart locks are devices that let you and your renter secure or get into a home without having a physical key. There are a lot of different types of smart locks. Most of them can be opened with a phone app or a pin code. Staunton property managers like smart locks because they don’t have to change the locks every time you move in a new tenant. Smart locks are good for both tenants and property managers.
Smart doorbells, on the other hand, allow tenants to screen visitors and keep an eye on everyone who comes and goes from their home or apartment. If you’re a young adult who likes to keep an eye on your home and things, this could be a big deal.
Smart Utilities
Another group of smart home devices that tenants want are those that help them keep an eye on and cut down on their utility costs. Smart thermostats, smart light bulbs, and smart plugs are all common items that can be controlled with a smartphone app. To control things like the thermostat and lights through the app is possible. You can also stop electricity from going to outlets.
Devices like this one can help cut down on energy costs, and they can also help cut down on the risk of fire or other hazards from 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 devices that both renters and landlords can benefit from. They can help both groups. In both cases, water leaks are a big problem. Basements, under cabinets, and behind appliances are all places where water leaks can happen and go unnoticed for a long time. Water damage can be very costly to fix, especially if it has been going on for a long time and has caused wood rot or mold.
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 happy to avoid water damage, and you will save money by not having to pay for costly emergency repairs.
If you rent out your house, the smart home technology that will help you make more money or make your renters happier is the best for you. It could also bring in more tech-savvy renters if that’s something you’ve wanted to do.
Real Property Management Summit can help you optimize your profits and modernize your rental property. Contact us online today!
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