Many Airway Heights landlords worry if installing smart home devices in their rental properties is a good investment. 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 some of the most popular among renters across the country.
According to a recent survey, more than 75% of renters are willing to pay more for properties with smart home technologies. More than half of the tenants believed that smart home features would be worth an extra $20 or more. 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 electronic locks that enable you and your tenant to secure or access a property without the use of 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. Renters enjoy smart locks because they can monitor their home security from their phones, while Airway Heights property managers appreciate smart locks since you don’t need to replace the locks each time you change tenants.
Smart doorbells, on the other hand, enable tenants to filter guests and monitor who comes and goes from their homes. This security feature might be extremely appealing, particularly to younger adult tenants who enjoy keeping an eye on their homes and valuables.
Tenants also desire smart home devices that assist in monitoring and reducing utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all devices that can be controlled by a smartphone app. Through the app, it is able to alter the thermostat temperature, turn lights on and off, and turn off energy to outlets.
These gadgets can help save money on electricity while also reducing the risk of fire or other hazards associated with 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.
Finally, moisture sensors are smart home gadgets that have a lot to offer both tenants and landlords. One of the major difficulties tenants and property owners experience is water leaks. Basements, under cabinets, and behind appliances are all well-known issue spots where water leaks can form and go undiscovered for some time. Water damage can be costly to repair, especially if it has progressed to the point where wood rot or mold has developed.
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. If you’ve hoped to attract a more tech-savvy audience to your rental home, this is a good way to achieve it.
Real Property Management Spokane County can help you optimize your profits and modernize your rental property. Contact us online today!
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