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Monday, November 24, 2014

Smart home technology next desired feature for buyers

Homeowners are showing a bigger appetite for smart home technology. Nearly half of consumers -- 46 percent -- say it's important their current home or the next home they purchase have smart home technology, according to a survey conducted of nearly 2,500 consumers who recently participated in an HGTV national focus group on smart home technology.

Homeowners and buyers say they see the value in smart home technology for comfort, safety and cost savings, and 51 percent surveyed say they would consider installing smart home technology in their home to make their home more marketable to future home buyers.

The younger segment of the millennial generation is the most likely age group to spend money on smart home technology -- 10 times more likely than the percentage of Generation X members who say they'd consider adding smart home technology to their homes, the survey reported. Seventy percent of millennials say it's important that smart home technology integrate with their smartphone.

Read more: http://www.the-review.com/local%20real%20estate/2014/11/21/smart-home-technology-next-desired-feature-for-buyers

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