A recent survey of 100,000 first-time millennial homebuyers found that 28 percent of respondents valued smart home technology as their biggest priority when purchasing a property.
Another survey conducted by Wakefield Research found that the same was true for rentals — 86 percent of millennials were willing to spend more money renting a place with smart home technology. And it’s not just millennials who are embracing the trend. Sixty-five percent of baby boomers are also willing to spend more on a “smart” rental.
As smart home tech becomes more and more ubiquitous, you can bet that smart homes will become the new standard. And in addition to boosting your home’s market value, adding automated systems like smart thermostats and controllable blinds can slash energy costs for both your family and your future homebuyer.