Many tenants seek out rental properties with installed smart technology devices. 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 just a few low-cost items, you can offer your tenants the technological conveniences they like. This article will talk about some of the best smart devices for adding value and appeal to your rental property.
A recent survey on rent.com stated that 82% of renters want at least one smart device in their rental home, but roughly 49% have none. This data shows a substantial demand for smart technology in rental homes, presenting Salem property managers with an opportunity to make their rentals more competitive. One of the efficient ways to add worth to your rental property is by installing smart technology devices. These devices range from simple light bulbs to sophisticated 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 be dimmed, changed colors, and turned on and off using a phone or voice assistant. They are also energy-efficient, which is beneficial to both you and your tenants. Smart light bulbs can be purchased for as little as $15 each, making them one of the best places to begin upgrading a 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 approximately $20.
Smart Speakers. Voice-activated smart speakers, like the Amazon Echo and Google Home, can play music, answer questions, set alarms, and more. They are becoming more prevalent in rental homes as a handy way to control other smart devices. Around $50 is the starting price for a basic smart speaker.
Smart Thermostats. Smart thermostats are a fantastic method for conserving energy and money. They can be controlled through phone or voice assistant and will adjust the temperature based on your schedule. There are smart thermostats available for about $100.
Video Doorbells. Video doorbells are an excellent way to enhance the safety of rental properties. And if you’re not at home, you can see who is at the door and converse with them. Some also record videos that can benefit both tenants and property owners. A standard video doorbell typically costs around $200.
Smart Smoke Detectors. Another excellent way to improve security at your rental property is to install smart smoke detectors. They can be hooked up to your phone, allowing you to be notified of a fire even if your tenant is not at home. For around $100, you can get a simple smart smoke detector.
As you can see, there are multiple options for adding smart technology devices to your rental property without spending so much. You can provide your tenants with the desired convenience and peace of mind by installing a few of these devices.
Still have questions? Real Property Management Absolute has expert advice on how to upgrade your rental property with smart technology. Contact us online today!
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.
