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SMART HOME TECH IS SET TO BOOM


The New Home Trends Institute’s recent report “Smart Home Tech: What Homeowners Value Now and Next,” found that increasing home security is the overall most important solution that smart tech can provide. It’s also the smart tech they see as most worth paying extra to have.

Over half (51%) of respondents say the most crucial solution that smart tech could offer their home is security. That’s followed by 36% who say it’s controlling home systems remotely and 34% who say it’s providing entertainment at home.

Smart tech products integrated throughout the entire home are worth more to homeowners than room-specific solutions. While 93% say it’s worth paying more for whole-house security, only 60% say the same about bathroom solutions.

Video doorbells and smart thermostats are the gateways to smart tech. Homeowners identified the top five smart home products they would pay to have: