When considering the next generation of renters, what do you imagine? The upcoming wave of renters, adults under 40, have needs and wants that differ greatly from older generations. As a property owner in Waunakee, 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. A lot of young renters have experienced smart technologies, such as smart thermostats and lighting, in their family homes. Using these technologies, one can adjust a thermostat or control lights with just a few clicks.
Far from being just fancy extras, smart technologies can greatly improve a rental home’s performance 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 monitor energy consumption in real time, make automatic adjustments when the house is empty, and enable remote control of the home’s climate.
While smart thermostats may cost more initially than traditional models, they can result in significant energy savings, potentially saving residents hundreds of dollars annually. Moreover, smart thermostats provide a consistently customized and comfortable home climate. While the upfront investment is higher, smart thermostats are designed to offset the cost through energy conservation and improved efficiency over time.
Reason to Consider Smart Lighting
Smart lighting systems, akin to smart thermostats, are specifically designed to reduce energy consumption and increase efficiency. They feature high-efficiency light fixtures and automated controls that can self-adjust according to the number of occupants and natural light.
These lighting solutions can be programmed, controlled through a mobile app, and customized to save energy and boost home security. Smart lighting stands out as an accessible and cost-effective smart home technology, making it an ideal starting point for those wanting to integrate innovation into their living spaces.
To learn how smart technologies can improve your rental property management, contact Real Property Management Greater Madison Metro today. Our skilled team is ready to assist you in integrating the latest innovative solutions to enhance efficiency and tenant satisfaction. Reach out to us online or call 608-310-1290.
Originally Published on September 14, 2018
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