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Sign into your account"Move-In Ready" Increasingly Means Smart Home Technology for US Consumers
August 19 2016
Sellers looking to upgrade their home before putting it on the market may be wise to install smart home technology. According to a new survey from Coldwell Banker, 44 percent of US consumers believe a house that's "move-in ready" has smart home technology.
In fact, 54 percent of survey respondents would choose the home with smart technology when faced with two houses that are exactly the same, and 26 percent believe the technology is a major selling point.
So What Is Smart Home Technology?
Speaking of "defining," what exactly is smart home technology? Coldwell Banker teamed up with CNET in May to clarify the term. The two companies settled on a mutual definition to "provide a clear and unified designation to keep up with rapidly evolving technology."
To start, a home must have a reliable internet connection and one of two base "smart" systems: 1) security features that control access via smart locks or monitors the home through, say, networked security cameras; or, 2) smart temperature controls.
Additionally, a property must have two other systems from the following list to qualify as a smart home:
- Appliances (smart refrigerators and smart washer / dryers)
- Entertainment (smart TVs and TV streaming services)
- Heating / Cooling (smart HVAC system, smart fans or vents)
- Lighting (smart light bulbs and lighting systems)
- Outdoors (smart plant sensors and watering systems)
- Safety (smart fire / carbon monoxide detectors and nightlights)