As evidenced by the recent trend of renters, adults under 40 are the next big group of renters to overwhelm the market. They have demands and desires that are notably different than those of earlier generations. As a property owner in Lubbock, it’s crucial to keep up with the game in the single-family rental home market by acknowledging what these young adults demand in a rental home, and securing the upgrades that will deliver your rental homes into the popular decade.
Because of the recent development in handheld smart technologies, traditional homes are slowly transitioning to smart homes. Several young renters have grown up with specific smart technologies in their family homes, including smart thermostats and lighting. It is because of these technologies that adjusting a thermostat or turning the lights on or off became possible with just a few clicks. These technologies are not only showy perks: smart technologies can significantly improve the performance of a rental home, as well as entice quality, long-term residents. Let’s take a closer look at smart thermostats and lighting, and what benefits they might offer you as a rental property owner.
Upgrading to a Smart Thermostat
If you are wondering what makes a thermostat “smart”, then you will get your answer now. Smart thermostats are technically programmable thermostats that learn from your behaviors. They record your energy consumption real time and then adjust accordingly automatically if no one is home, and regulate the home’s interior climate remotely. About its cost, smart thermostats can save residents hundreds of dollars every year on power costs and guarantee a customized, relaxed environment all the time. While smart thermostats are a bit pricey, they more than make up for the price in a moderately short amount of time.
Upgrading to Smart Lighting
Smart lighting, like smart thermostats, is a lighting system intended to save energy. High-efficiency fixtures and automated controls can modify automatically based on how many people are in the home and how bright it is outside. Smart lighting can be programmed, controlled with an app, or otherwise customized to preserve energy and develop security. Among the smart technology upgrades, smart lighting is one of the simplest and least expensive choices, which makes it a great place to start.
For the tech-savvy renters of today, the security, comfort, and performance of smart technologies is a powerful draw. Rental property owners with these innovations may find great achievement in pulling the under-40 crowd by upgrading to one or more smart features. For more information about Real Property Management Services, please contact us online or call us at 806-853-6546.
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.
