As technology has evolved over time, so has real estate with the two merging together to form homes of the future. Investors are interested in technologically-advanced properties as they are attractive to homeowners and renters who find them safe, easy to manage, and environmentally-friendly. If you’re looking to invest in a contemporary home these attributes, take a look at the following hi-tech features which will help you generate massive returns with a forward-looking investment.
Smart automation tools
Since the rise of The Internet of Things, which is the name for the interconnected system that brings different technologies together, homes have become more automated. Companies like Google have capitalised on this need for connectivity by buying out Nest, which is now a branch of Google that offers smart products. This includes speakers, tablets, smart security and more which are all connected via the Google Assistant, which can be controlled by voice demands.
Other companies like Amazon and Apple have their own smart assistants which can be merged with various products that make home life more manageable. These big corporations are always in competition with each other to make their products as automated as possible. Many landlords choose to implement this technology into their properties to increase demand as well as rental returns.
In today’s climate, buyers and renters tend to look for properties that benefit the planet, which is possible with the help of eco-efficient devices. This includes hi-tech lighting which can be controlled by the aforementioned smart assistants. Many residents now have access to lighting control from the comfort of their own home, which helps them reduce their energy bills. Property experts RWinvest have found that automated lighting is also a great addition, as they are controlled by motion sensors, so they only switch on when you enter the room. This is beneficial to those who tend to leave their lights on, enabling them to reduce their carbon footprint significantly.
Another essential feature of futuristic real estate is solar energy, which developers must always consider when designing contemporary properties. This includes fixtures such as solar panels which are used to generate electricity in the home. It is not only an environmentally-friendly feature as it uses the sun’s energy but is also a great way to reduce outgoings, with many investors saving a significant amount enabling them to boost their cash flow.
While all of the above could be classified as convenient, there are some forms of technology that are created with the homeowner’s chores in mind. There are now devices available to help with everything from hoovering to shopping and more. For example, there are now smart fridges available to buy which can actually order your shopping for you, which experts believe will be in the majority of homes by 2040. This is something for investors to think about especially if they are offering furnished properties with white goods included, as having a smart fridge will give their property their advantage.
If you want to keep up with future trends, you may have the opportunity to offer the most convenient service of all – a robotic chef. This, of course, will be a highly-expensive purchase, however, this will be a desirable feature, as it allows residents to miss out on the cooking and instead relax after a long day at work.