In a recent survey of 4000 adults in the United States, CBRE found that homeowners are willing to pay more for a smart home than one not equip with new technology. Technology in the home is growing at a faster pace than originally thought. According to the survey 45% of Americans own smart home technology or plan to invest in it in 2016. Of the Americans that own smart home technology, all said they are more likely to buy another smart home component. Of those that do not currently have smart home technology, 27% stated that they plan to incorporate it into their lives in 2016.
So What Exactly is “Smart” Home Technology and Who Own’s it?
You probably already have a smart home and don’t even know it. Smart home technology include smart security, entertainment, appliances, temperature control, lighting (inside and out) and safety (smoke/CO2 detectors). Smart security are security systems that can be controlled remotely by phone or internet. These security systems incorporate cameras, digital locks on doors, two way communication and remote access. Smart entertainment are already owned by many Americans, which include internet through the television. Smart appliances are really fun and remind me of one of my favorite cartoons growing up, The Jetsons. Smart refrigerators allow note taking, music, internet and television streaming as well as inventory of food inside. The food inventory can be accessed remotely by phone, making it convenient to decide on buying milk at the grocery store or just remotely looking in your fridge to see if there is some left. They can even go so far as providing recipes utilizing the ingredients in your refrigerator. Smart security and temperature control were the top picks for most Americans want. These are also the top choices for Home buyers too! So if you are looking to justify your next big electronic purchase, make sure it is a smart home purchase.