What do you envision when you think of the next generation of renters? The next significant group of renters are adults under 40, whose needs and desires vary greatly from past generations. As a property owner in Williamsburg, 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
With the growth of handheld smart technologies, smart homes are becoming more widespread. Young renters often have grown up with smart technologies like smart thermostats and lighting in their homes. With these smart technologies, you can easily adjust thermostats or control lighting with a few clicks.
More than fancy extras, smart technologies can considerably enhance the performance of a rental home and attract quality, long-term residents. Let’s investigate the benefits smart thermostats and lighting can offer you as a rental property owner.
Benefits of Smart Thermostats
Smart thermostats employ advanced technology to learn from your behavior and adjust the temperature settings accordingly. They track real-time energy consumption, automatically adjust when no one is home, and allow 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. Besides, smart thermostats keep a customized and comfortable home climate at all times. Although they come with a higher initial cost, smart thermostats are designed to pay for themselves through energy savings and improved efficiency in a relatively short time.
Reason to Consider Smart Lighting
Just like smart thermostats, smart lighting systems are engineered to cut energy use and enhance efficiency. These systems include high-efficiency light fixtures and automated controls that adjust automatically based on occupancy and natural light.
Smart lighting systems can be programmed, managed through a mobile app, and tailored to optimize energy consumption and enhance security. Smart lighting is one of the most accessible and cost-effective smart home technologies, ideal for those starting to integrate innovation into their living spaces.
To find out how smart technologies can benefit your rental property management, contact Real Property Management VA Peninsula today. Our expert team is equipped to help you integrate the latest innovations for increased efficiency and tenant satisfaction. Connect with us online or call 757-251-9188.
Originally Published on September 14, 2018
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