Smart Home Tech and IoT Devices

Published on 29 August 2022, 07:22:56 AM

Smart home technology and Internet of Things (IoT) devices are transforming the real estate industry. Thanks to the rise of smart home systems and devices, homeowners now have the power to manage their homes’ diverse features and functions remotely, no matter where they are in the world. This remarkable advancement not only enhances the convenience and livability of homes, but also elevates property values as prospective buyers seek residences equipped with cutting-edge smart home technology. IoT devices are small computing devices that connect wirelessly to a network and are able to receive and transmit data (think sensors, gadgets, and smart household appliances) which work directly with smart home technology to increase the comfort of living people experience across the globe.

More than 80% of buyers say they would pay more for a home that had smart tech pre-installed, and nearly 70% say they would be more likely to buy a home if it had smart tech features. Meanwhile, the IoT market is projected to reach $6.2 trillion by 2025.