In the last couple of years, one of the industries that have seen the most changes at all levels of functionality has to be the real estate business, and it’s all thanks to the rise of technological advancement. Open houses now have a new alternative in the form of virtual house tours. 3D printing and BIM have revolutionised the construction process. Even realtors now have access to services like CRM that can help them get more leads than ever before. So, it is only natural that the end product of these innovations will also follow the same rule which brings us to the rise of Smart Homes.
What started off as just a trend and convenience is now quickly becoming the standard norm among homebuyers from around the world. This is proven by the fact that the global Smart Home market size is expected to reach USD 184.10 Billion in 2028. In Canada alone, approximately 27% of homeowners own at least one smart home device.
In all honesty, the rapid growth and demand for Smart Homes in the age of smartphones, cars, watches etc., is not surprising at all. Just like other smart devices they offer a vast range of conveniences, and are light on the pocket in the long run while at the same time helping you become eco-friendly as well.
But we are getting ahead of ourselves before I tell you why as an aspiring home buyer you should look into Smart Homes we should first start with the basics.
What makes a home smart?
A Smart Home is basically an interconnected ecosystem where any and all devices and appliances in the home are connected to a centralized device for example a mobile phone, controlled by the homeowner through a Wifi connection in most cases. This allows the user to feel that their home is becoming more automated as they gain remote access to all of its features. Not only that since this an intelligent tech environment the user can also schedule certain tasks throughout the property.
Through a centralized system, you can manage your home’s locks, TVs, thermostats, security cameras, lighting, and even appliances like the fridge. Homeowners can save money on their power bills and cut back on energy use with the help of smart lighting controls. Some home automation systems can notify the homeowner or the police or fire department if motion is detected while they are away from the house.
Why are smart homes gaining so much demand?
While the advantages and benefits offered by a smart home system could be a topic worth discussing at length, they can generally be categorized into four main categories.
01More customisable than ever
The level of control you have in a Smart Home environment cannot be found anywhere else. You can set your thermostats to adjust the home’s temperature according to the weather conditions outside. You can set the lights on customised settings based on the time of day or if there is music playing in the background. In general, Smart Home systems are pretty adaptable and can easily include new pieces of hardware. Newer, more amazing models of your appliances will be created over time, no matter how cutting-edge they may seem right now. As a homeowner, you will have a much easier time if you can easily include these newcomers, and you will be able to keep upgrading to the most cutting-edge living technology.
02More convenient than ever
Envision a connected bed in the bedroom and a coffee maker in the kitchen that, upon your awakening, prompts the former to begin brewing your coffee so it’s ready when you are. This is just one example of how Smart Home automation system can seamlessly integrate with our daily routines to make our lives more convenient. The best part about smart home technologies is that they are self-learning and constantly upgrade themselves in order to better cater to the user’s needs making life more convenient than ever to manage the daily workings of your home.
03More secure than ever
The safety of your house can be greatly improved by installing surveillance and security equipment as part of your smart home network. There is an abundance of possibilities here, but only a handful is being investigated at the moment. Smart Home security systems, for instance, can link motion detectors, surveillance cameras, automated door locks, and other physical security measures around your house, enabling you to activate all of them from a single mobile device before you retire to bed. You can keep tabs on what’s happening at home, no matter where you are in the world, thanks to real-time notifications sent to any number of devices at any time of day.
04More investment friendly than ever
If you are someone who has been looking forward to investing in property and making a fortune out of it, then Smart Homes is the way to go not only today but tomorrow. They are the current trend and thus tend to sell much faster, are easier to get a renter for and attract way more buyers than traditional buyers. Combine this with the fact stated earlier that by 2028 the smart home market is set to reach USD 184.10 Billion. You know that this trend is going definitely going to become the common norm.
What is the future of smart homes?
There was a time when we used to use charcoal and burning wood to cook our food, but now it is all-electric and gas. There was a time when we used to use keypad phones, but now it is all smartphones. To evolve how we do things and live our daily lives is a human need and just the natural order of things. Smart Homes are simply one of those steps towards an oncoming progress. Smart Home technology has created so much interest from consumers that the world’s leading technology firms are now competing to outdo one another in the market. This means that in the coming years; one will have more options than ever.
So, the best course of action is to walk with the flow of time and welcome the next step in the evolution of our living experience with open arms.