Gone are the days when smart homes were just a pipe dream. Now they’re a game-changer in the real estate industry. Thanks to the advancement of technology, smart homes are quickly becoming the norm, with an array of gizmos and gadgets that can be controlled remotely or automatically, making daily life at home simpler and smoother. In this article, we’re going to delve into the future of smart homes in the real estate world, and discover how they’re shaking things up for the better.
#1: Increased efficiency
One of the primary benefits of smart homes is their ability to save energy and reduce costs. Smart thermostats, lighting, and appliances can be controlled remotely, ensuring that energy is used only when needed. This increased efficiency will be a prime selling point in sustainable real estate in the near future, as consumers become more environmentally conscious and seek energy-efficient homes.
Smart homes are allowing homeowners to personalise their living spaces more than ever before. With voice assistants like Amazon Alexa and Google Home, homeowners can control everything from the temperature to the lighting in their homes with just their voice. This “bespoke” quality will become increasingly important in the real estate industry, as buyers seek homes that fit their unique lifestyle and needs, and developers evolve their project designs to meet these demands.
#3: Enhanced security
Picture this: a home where you can forget about the jingling keys in your pocket, and instead control the security of your property with a tap on your phone. That’s the beauty of smart homes – they offer an elevated level of safety that traditional homes can’t match. With digital locks, you can bid farewell to the headache of losing or misplacing your keys, and remotely lock and unlock your doors with ease.
Plus, you’ll have a watchful digital eye over who enters your home, and can even receive alerts if there’s an attempted break-in or if visitors ring the doorbell – even if you’re miles away. As security remains a top concern for homeowners, it’s no wonder that smart homes equipped with cutting-edge safety features are becoming increasingly popular in the real estate market.
#4: Health and wellness
Health and wellness may take centre stage in the future of smart homes, as they become more focused on ensuring the wellbeing of homeowners. Equipped with smart sensors and wearable devices, smart homes can monitor a range of health and fitness metrics, from tracking sleep patterns to sending medication reminders.
For homebuyers who value their health and well-being, a smart home that prioritises these aspects will be a highly attractive feature, making it more enjoyable and convenient than ever to live a healthy lifestyle right at home.
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#5: Integrated technology
As the real estate industry evolves, smart homes will become more integrated with other advanced technologies, such as virtual reality (VR) and augmented reality (AR). With VR, buyers can take a virtual tour of a property from anywhere in the world – no more trekking to endless open houses! With AR, homeowners can visualise their furniture in their new home before they even move in, ensuring a perfect fit for every item.
This tech integration, further accelerated by the post-COVID new norm landscape, is set to become an essential part of the real estate industry, allowing buyers and sellers to explore properties in ways that were once unimaginable.
#6: Remote monitoring
With smart homes now offering remote monitoring of everything from temperature to security, homeowners can finally say goodbye to their property-related worries! This feature is especially useful for vacation homes and rental properties, where remote monitoring gives homeowners peace of mind while they’re away.
With this technology, homeowners can keep tabs on their property from anywhere, ensuring that everything is in order and addressing any issues, like a burst pipe or a door that was left unlocked, before they turn into major problems. Forgetful homeowners will also never have to rush home to turn off their stoves or air conditioners since smart homes offer the convenience of turning them on and off remotely.
#7: Increased home value
Smart homes are not only a futuristic dream but also a smart investment. With the increased efficiency, personalisation, security, and health and wellness features, smart homes are expected to increase in value over time. This added value will be a significant selling point for homeowners looking to reap profits from their smart home, and for real estate agents looking to attract potential buyers. It’s a great win-win situation where you get to enjoy a comfortable and convenient living experience while simultaneously boosting the value of your property.
The future of smart homes in the real estate industry is looking bright, with a plethora of promising features set to revolutionise the way we live. As consumers become more tech-savvy and environmentally conscious, smart homes are sure to become increasingly popular and in demand. The best part? The future of smart homes is just beginning, and possibilities are endless along with its never-ending evolution. It’s an exciting time for the real estate industry, as we embrace and explore its full potential.
Looking for a smart home of your own? Let Ohmyhome’s smart data-matching technology MATCH you with the right home, according to your specific needs.
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Or if you currently own a smart home right now and you’re planning to sell it, you can say hi to Homer AI — our recently-launched Home Ownership Management & e-Valuation AI Tool. Homer AI tells you everything you need about your home in order to sell it for a better price.