Smart Home Technology Gains Popularity

Smart Home Technology Gains Popularity

Though still a relatively new technology, smart home devices are beginning to catch on with home buyers. From light bulbs to locks and thermostats, there are more and more options for homeowners who want to take advantage of the convenience and automation available these days.

Among the most popular devices, according to the National Association of Realtors' Smart Homes and Realtors report, are smart locks – which were named by 37 percent of Realtors as being important to their clients. Prospective buyers say their interest in smart home technology is driven by a desire for more security, privacy, and cost savings.

William E. Brown, NAR's president, says this is a trend that is just getting started. “More homeowners are adopting smart-home technology and that will likely impact buyers' purchase decisions in the future,” Brown said. “While consumer interest in this trend is still developing, Realtors are becoming well-versed in successfully marketing smart homes and their features, such as devices and appliances.”

But though this trend will clearly only get bigger, right now just 15 percent of agents say their clients are asking questions about the technology. As it becomes more common, however, there will naturally be increasing interest from buyers.