Thursday, August 30, 2018

Will Buyers Pay Extra for Smart-Home Gadgets


Smart Home Technology in new Homes, More builders are 
outfitting newly constructed homes with smart-home technology, and many buyers say they’ll pay extra for it, according to research.

Sixty percent of home shoppers say they’d spend more on a home with a smart thermostat, the consulting firm’s survey of more than 23,000 shows. Slightly more—67 percent—say they’d pay extra for an over sized kitchen.

More than 60 percent of new-home buyers also say they’d pay more for an exterior security camera and smart locks.

In a separate John Burns survey of more than 300 home builders, 53 percent say they incorporate smart-home technology into new construction. Even so, 42 percent of buyers say they would purchase additional technology.

Below, watch a presentation, sharing more insights into the survey findings on the popularity of smart home tech. including:
  • Young singles and couples: most likely to choose smart thermostats.
  • Families: most likely to choose a smart garage that is responsive to app controls and voice commands.
  • Older buyers: most likely to pay extra to have smart locks.
Some differences among certain segments of buyers regarding which smart-home tech they find most attractive. John Burns took time out to talk about the future of smart home technology and tell us how builders are utilizing 'smart home' products in their homes. Smart home tech features are changing at an incredible pace, and home builders are taking note.

Getting ready to Sell or Buy doesn’t have to be a huge undertaking, but it’s one where details really matter. When you’re working with real estate professional Carriene Porter of Precision Realty & Associates, you’re guaranteed to get the expertise and advice you need to Sell or Buy your home. 

#SmartTech #Homeownership #UtahRealEstate

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