Real estate agents are still struggling to explain the benefits and drawbacks of smart home technology and how to transfer control of these systems to the next homeowner. To ensure a smooth transition for both the buyer and seller, listing agents should have a comprehensive list of all systems and be able to explain how to reset them before handing them over to the new owner. The turnover of “digital keys” should be a contractual obligation, though this may be easier said than done for less-informed agents. In addition, previous owners may still have access to certain smart home features, resulting in a potentially difficult transition.
Demand for smart home technology in real estate
According to a recent study, a majority of consumers say they prefer homes with smart technologies. These include automatic lighting, smart blinds, and water leak detectors. These technologies help homeowners save time and money by making tasks easier and more convenient. But, despite the popularity of smart homes, real estate agents are still struggling to attract millennial homebuyers.
One reason is that smart home technology can increase rent. It can reduce turnover costs and attract high-quality renters who tend to stay in a home for a longer period of time. Rently’s solution for smart homes uses AI to match qualified renters with properties. It also increases tenancy rates and lease renewals.
Disadvantages of a smart home
There are several benefits to using a smart home. First of all, it can make daily tasks easier. It can … READ MORE ...