What thoughts come to mind about the next generation of renters? Adults under 40 will be the next large group of renters, and their needs and preferences are quite different from previous generations. Property owners in Plymouth need to stay competitive in the single-family rental market by considering young adults’ needs and updating their rental homes.
Smart Technologies for Rental Properties
The spread of handheld smart technologies has led to the increasing prevalence of smart homes. Many young renters are accustomed to smart technologies like smart thermostats and lighting from 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 investigate the benefits smart thermostats and lighting can offer you as a rental property owner.
Benefits of Smart Thermostats
Programmable smart thermostats use advanced technology to learn your habits and automatically adjust temperature settings. They track real-time energy consumption, automatically adjust when no one is home, and allow remote control of the home’s climate.
Even though the initial cost of smart thermostats is higher than that of traditional ones, they can lead to substantial energy savings, potentially saving residents hundreds of dollars each year. Additionally, these thermostats offer the advantage of maintaining a customized and comfortable climate in the home at all times. 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.
Smart lighting can be programmed, managed via a mobile app, and customized to optimize energy use and improve 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 find out how smart technologies can benefit your rental property management, contact Real Property Management Associates today. Our expert team is equipped to help you integrate the latest innovations for increased efficiency and tenant satisfaction. Connect with us online or call 508-509-4485.
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.
