When you picture out the next generation of renters, who do you have in mind? If you have adults under 40, then you are correct. Recent studies suggest that this particular group is the ones who are hitting the rental market and with that also comes their distinct needs and wants that are significantly different from those of the past generation of renters. As a property owner in Union City, you have to make sure that you know about what they are looking for and therefore make the necessary upgrades to be able to stay competitive in the single-family rental home market. If you do, you are guaranteed to bring your rental homes to the current decade.
Just like how the handheld smart technologies have seemingly taken up most of the mobile industry, smart homes have become immensely popular in the last couple of years. Some, if not all of these young renters have grown accustomed to using certain smart technologies in their family homes via smart thermostats and lighting. Through these technologies, you gain the power to control almost everything in your house with just a few clicks. From adjusting a thermostat, or turning the lights on and off. Be aware though that these technologies are not just fancy extras: smart technologies are an essential part if you want to improve the performance of a rental home. Because these technologies go a long way toward keeping your utility costs low and keep your home intact, you are on the way to attracting quality, long-term residents.
Upgrading to a Smart Thermostat
So, what makes a thermostat “smart”? Smart thermostats are technically programmable thermostats that learn from your behaviors. All at the press of a button, they can do the work for you, they can track energy consumption in real time, set the temperature to what is ideal automatically if no one is home, and control the home’s interior climate remotely. Concerning cost, smart thermostats can save residents hundreds of dollars each year on energy costs and ensure a customized, comfortable atmosphere at all times. While smart thermostats are a bit expensive, they more than make up for the price in a relatively short amount of time.
Upgrading to Smart Lighting
Smart lighting, like smart thermostats, is a lighting system meant to save energy. High-efficiency fixtures and automated controls can tune automatically based on how many people are in the home and how bright it is outside. Smart lighting can be programmed, managed with an app, or otherwise customized to preserve energy and advanced security. Among the smart technology upgrades, smart lighting is one of the lightest and least expensive choices, which makes it a great place to start.
For the tech-savvy renters of today, the safety, convenience, and efficiency of smart technologies is a strong draw. Rental property owners with these features may find great success in attracting the under-40 crowd by upgrading to one or more smart features. For more information, please contact us online or call us at 510-398-8704.
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