A multitude of Newport property owners ponder if installing smart home technology to their rental property is a rewarding investment. The short answer is that the supposed and expected returns for numerous smart home devices vary. In that regard, what are the most suitable smart home gadgets for a rental property? Let’s look at those few that are currently in demand among renters across the country.
Advanced Safety Systems
As claimed by a recent survey, more than 75% of renters are willing to pay a premium rent for dwellings that provide specific smart home features. Naturally, more than half of these renters said they would readily pay up an extra $20 or more for smart home features. Renters characteristically request three types of smart home equipment, with safety features like smart locks and smart doorbells topping the list.
Smart locks are electronic devices that easily enable you and your tenant to secure or access a property without the practical utilization of a physical key. There are some types of smart locks where the majority are opened by merely using a phone app or a pin code. Tenants prefer smart locks because they can check their home security from their phones, whereas Newport property managers like smart locks better because they shun the need to replace locks when tenants change. Smart doorbells, alternatively, enable tenants to filter guests and figure out who enters and exits from the property. This security feature might be very enticing, first of all to younger adult tenants who appreciate having an eye on their home and valuables.
Smart Energy Management
Tenants are also interested in smart home devices that help tend to and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all well-known products that can be monitored and managed via a smartphone app. The app really helps you to properly 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 often brought about by leaving things on. The fact that these devices are very cheap to install but nonetheless may be a great draw-in for renters and is arguably the most central benefit for property owners.
Moisture Sensors
Lastly, moisture sensors are smart home gadgets that present several benefits to both tenants and property owners. Water leaks are one of the most common issues that tenants and property owners confront. Basements, under cabinets, and behind appliances are all the usual issue spots where water leaks can form and go undiscovered for too much time. Water damage is an expensive repair, especially if it has progressed to the point where wood rot or mold has grown. Installing smart moisture sensors can easily assist you in detecting water leaks earlier and scheduling necessary maintenance and repairs more swiftly and smoothly. Your tenant will be exceedingly relieved that water-related damage has been avoided, and you will save money by staving off uneconomical emergency repairs.
In summation, the most preferable 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, on top of that, attract a more tech-savvy renter demographic to your rental property if that is something you’ve longed to do.
Real Property Management Delta can actually support you to effectively optimize your profits and modernize your rental property. Contact us online today!
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