When you consider the next generation of renters, what comes to mind? Grown-ups below 40 are the next big group of renters to swamp the market, and they have requirements and needs that are significantly divergent from those of earlier generations. As a property owner in Mohave Valley, it’s crucial to stay aggressive in the single-family rental home market by studying what these young adults need in a rental home and executing the upgrades that will deliver your rental homes into the current decade.
With the increase of handheld smart technologies, smart homes are becoming more usual. Numerous young renters have grown up with several smart technologies in their family homes, including smart thermostats and lighting. With these technologies, it’s likely to fix a thermostat or turn lights on or off with a few clicks. These technologies are not just fancy extras: smart technologies can significantly enhance the performance of a rental home, as well as draw quality, long-term residents. Let’s take a simple glance at smart thermostats and lighting, and what privileges they might give you as a rental property owner.
Upgrading to a Smart Thermostat
What makes a thermostat “smart”? Smart thermostats are theoretically programmable thermostats that absorb after your behaviors. They follow energy consumption in real time, adjust automatically if no one is home, and regulate the home’s interior climate remotely. Concerning cost, smart thermostats can save residents hundreds of dollars each year on power expenses and guarantee a customized, suitable atmosphere at all times. While smart thermostats are a bit expensive, they more than make up for the price in a relatively short amount of time.
Upgrading to Smart Lighting
Smart lighting, like smart thermostats, is a lighting system meant to save utility costs. High-efficiency fixtures and automated controls can regulate automatically based on how many people are in the house and how bright it is outside. Smart lighting can be programmed, controlled with an app, or otherwise customized to conserve energy and develop protection. Amidst the smart technology upgrades, smart lighting is one of the simplest and least costly options, which makes it an excellent area to start.
For the tech-savvy renters of today, the security, comfort, and performance of smart technologies is a powerful draw. Rental property owners with these features may find great success in attracting the under-40 crowd by upgrading to one or more smart features. For more information, please contact us online or call us at 928-757-7368.