Articles and Research

Forbes Magazine

Builders are front and center in smart home technology conversations. Last year at the International Builder Show, the National Association of Home Builders (NAHB) released data showing that while consumers expect new homes to feature the best in suitability and efficiency, they don’t want to pay extra for it.

From solar panels to energy-efficient appliances, builders must find the balance on what’s included and what they’ll pass on to the consumer. This varies wildly depending on the price point. (Article)

FOX Business

“Smart home and smart features are becoming more prevalent in homes these days. Homes that are being built with smart functions – speaker systems, security systems, televisions, appliances and lights. These are highly sought after functions. They make living so much earlier in the fast-paced world we live in today,” Julie Gans, an agent at Compass Real Estate revealed to FOX Business. (Article)

Builder Online

86 percent of millennials are willing to pay more for a home or rental property if it has smart home technology. In fact, millennials are willing to pay an average of 20 percent more a month in order to secure a home with smart technology. They like electronic access, keyless locks, interconnected doorbells, mobile-controlled security systems, voice-activated assistants, and so much more. (Article)

Mortgage Equity Partners

According to Florida real estate experts, smart home technology can increase your property’s value by 5%. For example, this translates to $20,000 on a property that is listed at $400,000. Appraisers typically adjust their valuations by comparing technology-enabled homes with similar ones that do not have the same features. Therefore, smart homes are usually valued higher….(Article)

The Residential Specialist

81 percent of buyers say they’re more likely to buy a home with smart technologies already in place, according to the 2016 Coldwell Banker Real Estate Smart Home Buyer Marketplace Survey. (Article)