Smart home technology has become increasingly popular among renters of all ages, backgrounds, and demographics. In Albuquerque, rental property owners are realizing that they need to provide some type of tech-based property upgrades in order to remain competitive on the market and attract good tenants.
The prospective tenants coming through the Albuquerque rental market may simply love the latest gadgets. Others are busy professionals looking for time-saving solutions. Smart home features cater to a variety of tenants, and studies have shown that rental properties with integrated smart technology rent faster and for higher prices than those without.
When we talk about smart home technology, we’re looking at a pretty wide spectrum. Here are some of the most popular features among tenants.
Smart Locks for Keyless Entry
Tenants value security and convenience, and smart locks provide both. These devices allow tenants to lock and unlock doors via smartphone apps or PIN codes, eliminating the need for physical keys. Some systems also enable temporary access for visitors or service personnel, which is perfect for tenant peace of mind.
This does not only benefit tenants. It also streamlines the move-in/move-out process, and landlords do not have to worry about collecting keys or changing locks. It also provides remote access for property inspections or maintenance if arranged with tenants.
Smart Thermostats for Energy Efficiency
Energy-efficient properties are attractive to tenants, who are often looking to reduce utility bills. Smart thermostats allow for precise temperature control and programming from a smartphone. These devices can quickly pay for themselves through energy savings. This type of enhancement is good to advertise when you’re marketing your property. By highlighting sustainability, you’ll attract more attention to your property. This upgrade will also reduce wear and tear on HVAC systems due to optimized usage.
Smart Lighting Systems
Smart lighting allows tenants to control brightness, color, and on/off schedules through voice commands or apps like Alexa or Google Home. These systems can also include motion-sensor options, which are ideal for entryways or security lighting. This enhances the perceived value of your property and offers an added layer of security for tenants through scheduled lighting.
Smart Security Systems
Peace of mind is key for tenants, and smart security systems provide exactly that. Cameras, video doorbells, and sensors allow tenants to monitor their property in real time, even when they’re not home.
Voice-Controlled Devices for Comfort
Consider adapting your Albuquerque rental to sync with smart hubs like Amazon Echo or Google Nest. Integrating these devices can make tenants feel right at home from day one. They can control connected devices such as lights, thermostats, and even entertainment systems. It creates a unique selling point for your property and sets your rental apart from others in the market.
Smart Water Leak Detectors
Unexpected maintenance issues can be a nightmare for landlords and tenants. Smart water sensors can alert tenants and landlords at the first sign of a leak, potentially saving thousands of dollars in damage. Install this tech to protect your property from costly repairs and demonstrate your commitment to proactive property management.
Smart home upgrades do require an upfront investment, but the return on investment (ROI) can be significant. Properties equipped with smart technology tend to attract higher-quality tenants who are willing to pay a premium for added benefits.
Let’s talk about what might work best for your rental property in Albuquerque. Contact us at Bruni Karr Agency.
