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Smart Home Technology Drives Sales in New Construction

By Rent Magazine ContributorJuly 19, 20233 Mins Read
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Overview

Smart home technology has become a pivotal selling point for new construction properties, as builders incorporate a range of home automation features designed to appeal to modern buyers. From intelligent lighting systems and voice-activated thermostats to security cameras and advanced climate control, smart technology has increasingly influenced the decision-making process for homebuyers. Builders such as Lennar and Pulte Homes have reported that homes with smart technology tend to sell faster and at higher prices compared to those without these features.

The Rise of AI-Powered Smart Home Hubs

A significant innovation in this space is the integration of AI-powered smart home hubs, like Amazon’s Alexa and Google Home, which allow homeowners to control everything from lighting and temperature to security systems and appliances. These hubs offer a seamless living experience, enabling homeowners to easily adjust settings with voice commands or smartphone apps. This integration has raised the demand for connected, tech-enabled homes, as more buyers prioritize convenience and control over their living environments.

The National Association of Home Builders (NAHB) reported that nearly 60% of buyers of new construction homes were seeking some form of smart technology, with the demand for these features steadily growing.

Implications for Real Estate Professionals

For real estate professionals, the rise of smart homes presents both opportunities and challenges. Realtors are increasingly being urged to educate themselves on the latest smart home technologies to better serve clients interested in energy-efficient, tech-savvy living spaces. Home automation features not only enhance the appeal of properties but also allow agents to market these homes as modern, convenient, and cost-saving.

However, there are hurdles in keeping up with the rapid pace of innovation. Realtors need to familiarize themselves with the technical aspects of smart home systems, enabling them to answer questions and explain the benefits of these features to potential buyers. For buyers who are not tech-savvy, it’s important for agents to break down the advantages of home automation, such as improved energy efficiency, added convenience, and enhanced security.

The Growing Demand for Smart Homes

The shift towards smart homes is not just a trend; it’s an evolving standard for new construction. With more buyers prioritizing technology in their home searches, builders and developers are expected to continue innovating to meet these demands. As smart home systems become increasingly accessible and integrated into new properties, they’re likely to be a standard rather than an added feature in the future of home construction.

Conclusion

The increasing integration of smart home technology in new construction properties is driving sales and changing the way homes are marketed. As this trend grows, real estate professionals will need to stay informed and adapt to new technologies in order to best serve buyers and sellers in the modern housing market.


Source: Smart Homes in New Construction by NAHB

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