Lots of tenants look for rental properties with smart technology. You might be worried that making a “smart home” for your renters will take time and money. The good news is that this is not the case; with a few inexpensive products, you can provide your tenants with the technologically enhanced conveniences they desire. This blog post will go over some of the best smart devices for adding value and appeal to your rental property.
As shown in a recent survey on rent.com, 82% of renters want at least one smart device in their rental home, but 49% state that they currently don’t have any. These statistics show a high demand for smart technology in rental homes, as well as an opportunity for Menifee property managers to improve their rental properties’ competitiveness. Installing smart technology devices is one of the best ways to increase the value of your rental property. These can range from simple light bulbs to intricate security systems. Let’s look at some of the more cost-effective options for rental properties:
Smart Lighting. Smart light bulbs are one of the most popular devices in smart rental homes. These LED bulbs can turn off and on, change color, and dim using a phone or voice assistant. They are also energy-efficient, which is beneficial to both you and your tenants. You can buy smart light bulbs for as little as $15 each, which makes them a great place to start upgrading your smart rental home.
Smart Plugs. Smart plugs can be plugged into any outlet and managed by a phone or voice assistant. You can turn on and off lamps, coffee makers, and other devices that are plugged into them. Your tenants will appreciate the convenience, and you will appreciate the cost: a basic smart plug costs around $20.
Smart Speakers. Smart speakers, like the Google Home and Amazon Echo, are voice-activated devices that can answer questions, play music, and set alarms, among other things. They’re growing more popular in rental homes as a convenient way to control other smart devices. A basic smart speaker will cost you at least $50.
Smart Thermostats. Smart thermostats are a splendid way to cut costs and energy. They can be controlled with a phone or a voice assistant, learning your schedule and adjusting the temperature on their own. There are smart thermostats available for about $100.
Video Doorbells. Video doorbells are an excellent way to make your rental property more secure. Even if you are not at home, you can see who is at the door and speak with them. A few even record videos, which can be helpful to both tenants and landlords. The cost of a basic video doorbell is typically around $200.
Smart Smoke Detectors. Smart smoke detectors are yet another excellent method for enhancing the security of your rental property. They can be connected to your phone, allowing you to be notified of a fire even if your tenant is not present. A basic smart smoke detector costs around $100.
As you’ve seen, there are numerous cost-effective options for incorporating smart technology into your rental property. You can offer your tenants the convenience and peace of mind they seek by installing just a few of these devices.
Still have questions? Real Property Management Bella has expert advice on how to upgrade your rental property with smart technology. Contact us online today!
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