Plenty of Fells Point property owners are seriously considering if setting up a smart home technology in their rental property is a sound and worthwhile investment. The short answer is that the possible returns for tons of smart home devices definitely vary. So, in this regard, what are the most ideal smart home gadgets for a rental property? Let’s look at some examples of those that are in great demand among renters across the country.
Advanced Safety Systems
As noted by a recent survey, more than 75% of renters are willing to pay a premium rent for dwellings that actually use smart home features. Actually, as a matter of fact, more than half of these renters said they would happily expend an extra $20 or more for smart home features. Renters especially request three types of smart home equipment, with safety features, for instance smart locks and smart doorbells, topping the list.
Smart locks are electronic devices that permit you and your tenant to secure or access a property without the need for a physical key. There are various types of smart locks, but most are opened by a phone app or a pin code. Tenants prefer smart locks simply because they can conveniently check their home security from their phones, while at the same time, Fells Point property managers choose to use smart locks considering they want to avoid the need to replace locks when tenants change. Smart doorbells, alternatively, are giving tenants the chance to filter guests and monitor closely who is getting in and out of the property. This security feature might be very attractive, explicitly to younger adult tenants who take delight in monitoring their home and valuables.
Smart Energy Management
Tenants are likewise quite interested in smart home devices that help carefully track and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all generally common products that can be handled and managed via a smartphone app. The app enables you to control the thermostat temperature, turn on and off lights, and turn off energy to outlets. These gadgets easily assist to save energy and prevent the risk of fire or other hazards induced by leaving things on. The fact that these devices are certainly affordable to install but may be a huge attraction for renters is conceivably the most vital benefit for property owners.
And certainly last but not least, moisture sensors are smart home gadgets that furnish innumerable benefits to both tenants and property owners. Water leaks are undoubtedly one of the most common issues that tenants and property owners confront. Basements, under cabinets, and behind appliances are all familiar issue spots where water leaks can form and go undiscovered for a really long time. Water damage is an expensive repair, more particularly if it has progressed to the point where wood rot or mold has actually already developed. Putting up smart moisture sensors can safely help you in detecting water leaks earlier and scheduling necessary maintenance and repairs at once and quite conveniently. Your tenant will definitely be relieved that water-related damage has been avoided, and you will save money by fending off expensive emergency repairs.
In the final analysis, the best smart home tech for your rental property are those devices that will pay you back in higher rent or happier tenants – or both. It may similarly draw in a more tech-savvy renter demographic to your rental property if that is something you’ve yearned to do.
Real Property Management Metro can assist you in gainfully optimizing your profits and modernizing your rental property. Contact us online today!
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