As smart home technology becomes more mainstream, we put together the top five trends to watch for smart homes in real estate.
Smart homes will be the new normal. Homeowners will have batteries in their garage for their electric cars. Buyers will demand smart lighting, temperature and appliances. Smart technology is becoming more affordable and accessible, so it’s only a matter of time before it proliferates the market.
Smart phones are your smart home remote control. “Do you have a smart phone?” Cochrane asked the audience. “Well then you have a remote control for your smart home.” She is right – and it’s a demand we’re already starting to see from our home buyers. According to our survey last month, 62 percent of real estate professionals say that buyers want to control their home from their smart phone.
Brands will continue to integrate. “Products are going to begin to talk to each other,” said Ben Bixby, General Manager of Energy Products, Nest. The past year has been a major time of growth for the smart home market. New players are entering the space every day, and the industry is working to make all the pieces fit together.
The smart home will become the connected home. You have smart products, like the French door refrigerator with smart cooling from LG, or the Caséta Wireless by Lutron. And then you have the connected home, which you can control from your smart phone. “The key is having appliances that make your life simpler,” said John Taylor, the Vice President of Public Affairs and Communications for LG