The Top 8 Most Desired Smart Home Functions

Written by Hannah Lapin | Jun 7, 2019 2:00:00 PM

According to Landlordology, while “smart home” features are not a deciding factor for renters, they are definitely an appealing amenity and particularly draw millennials. Plus, they offer a lot of benefits and unique functions. If you are considering adding smart home devices to either your long-term or vacation rental, a good place to start is by considering the most desired features. The National Association of Realtors (NAR), polled clients about which device functions are most important to them. Here are their findings of the top eight most desired functions and the percentage who said they were important (and not important):

Security Features: 51% said they were very important, and 3% said they were not important
Privacy Features: 45% said they were very important, and 4% said they were not important
Cost Saving Features: 44% said they were very important, and 4% said they were not important
Energy Saving Features: 42% said they were very important, and 4% said they were not important
Additional Comfort Features: 42% said they were very important, and 4% said they were not important
Energy Monitoring Abilities: 22% said they were very important, and 6% said they were not important
Water Management Abilities: 20% said they were very important, and 7% said they were not important
Air Quality Monitoring Abilities: 19% said they were very important, and 7% said they were not important

Do you agree with their rankings? For more of the NAR's findings on smart homes, see their full report on Smart Homes & Realtors. For additional landlord resources, visit our Investor Resources Page.

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