When you consider the next generation of renters, what do you think of? Adults under 40 are the next major group of renters, and their preferences differ greatly from those of older generations. As a property owner in Raleigh Court, it’s crucial to remain competitive in the single-family rental market by understanding young adults’ needs and upgrading your rental homes accordingly.
Smart Technologies for Rental Properties
The increase in handheld smart technologies is making smart homes more prevalent. A lot of young renters have experienced smart technologies, such as smart thermostats and lighting, in their family homes. With these smart technologies, you can easily adjust thermostats or control lighting with a few clicks.
Smart technologies are more than just fancy extras; they can greatly enhance the performance of a rental home and draw in quality, long-term tenants. Let’s take a closer look at smart thermostats and lighting and the benefits they offer for rental property owners.
Benefits of Smart Thermostats
Programmable smart thermostats use advanced technology to learn your habits and automatically adjust temperature settings. These thermostats track energy consumption in real time, make automatic adjustments when the home is empty, and allow for remote control of the home’s climate.
Although the upfront cost of smart thermostats is higher than traditional ones, they can generate significant energy savings, potentially saving residents hundreds of dollars per year. In addition, smart thermostats ensure a customized and comfortable climate in the home at all times. Although they need a higher initial investment, smart thermostats are designed to recoup the cost relatively quickly through energy savings and improved efficiency.
Reason to Consider Smart Lighting
Like smart thermostats, smart lighting systems are designed to reduce energy consumption and boost 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. Among smart home technologies, smart lighting is notably accessible and cost-effective, making it a perfect entry point for those looking to adopt innovative solutions in their homes.
For further information on how smart technologies can enhance your rental property management, get in touch with Real Property Management Colonial today. Our expert team is ready to help you incorporate the latest innovative solutions for better efficiency and tenant satisfaction. Contact us via our website or call 540-595-7411.
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.
