So many Nelson County property owners are assessing if integrating smart home technology in their rental property is a productive investment. The short answer is that the assumed returns for most smart home devices actually vary. Hence, you may ask what are the best smart home gadgets for a rental property? Let’s look at those few that are in increased demand among renters across the country.
Advanced Safety Systems
As said by a recent survey, more than 75% of renters are willing to pay a premium rent for dwellings that actually offer diverse smart home features. Certainly, more than half of these renters said they would readily give an extra $20 or more for smart home features. Renters also generally sought for three types of smart home equipment, with safety features like smart locks and smart doorbells topping the list.
Smart locks are electronic devices that let you and your tenant secure or access a property without the actual use for a physical key. There are, indeed, many different types of smart locks, nevertheless, the majority can be opened by simply using a phone app or a pin code. Tenants prefer smart locks because they can check out their home security from their phones, whereas Nelson County property managers pick out smart locks considering they stave off the need to replace locks when tenants change. Smart doorbells, on the other hand, easily help tenants to filter guests and track who is getting in and out of the property. This security feature might be very inviting, notably to younger adult tenants who take delight in closely monitoring their home and valuables.
Smart Energy Management
Tenants are likewise immensely interested in smart home devices that help determine and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all popular products that can be followed up and managed on via a smartphone app. The app can allow you to, without hassle, 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 induced by leaving things on. The fact that these devices are comparatively cost-effective to install but also may be a huge attraction for renters is, by any chance, the most weighty benefit for property owners.
Last but not the least, moisture sensors are smart home gadgets that grant various benefits to both tenants and property owners. Water leaks are sadly one of the most common issues that tenants and property owners confront. Basements, under cabinets, and behind appliances are all typical issue spots where water leaks can form and go undiscovered for too long. Water damage is an expensive repair, in particular, if it has progressed to the point where wood rot or mold has formed. Integrating smart moisture sensors can help you in, without hassle, detecting water leaks earlier and scheduling necessary maintenance and repairs instantly and smoothly. Your tenant will be immensely relieved that water-related damage has been avoided, and you will save money by preventing highly-priced emergency repairs.
In closing, the more suitable 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 furthermore magnetize a more tech-savvy renter demographic to your rental property if that is something you’ve actually wanted to do.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.