More homeowners are springing for a smart home makeover, so much so that renovated homes today are more than twice as likely to include a smart system or device, according to the recently released U.S. Houzz Smart Home Trends Survey. The results of the survey, which, in conjunction with CEDIA, assessed nearly 1,000 renovators either planning, in the midst of, or who have recently completed a home renovation, indicate 45 percent of homeowners are incorporating (or have incorporated) smart home technology as part of a renovation.
“Our data sheds light on how renovating homeowners are embracing smart technology,” says Nino Sitchinava, principal economist at Houzz. “These homeowners aim to improve the comfort, convenience, safety and energy usage of their home during their renovations, and smart technology appears to address many of their needs.”
Why the smart move? Homeowners are installing smart home technology for:
Twenty-five percent of homeowners surveyed upgrade to features with smart technology to protect their homes against intruders (67 percent) or control and monitor the safety of their homes while they’re away (52 percent). The majority of those upgrading for safety/security reasons spend $1,500 or less.
Fourteen percent of homeowners surveyed upgrade to features with smart technology to improve the comfort of their homes (71 percent), reduce energy consumption (68 percent) or control and monitor the device while they’re away (41 percent). The majority of those upgrading for climate control spend between $1,501 and $2,500.
Twelve percent of homeowners surveyed upgrade to features with smart technology to reduce energy consumption (59 percent), improve the comfort their homes (54 percent) or change the “mood” or “vibe” of their homes (34 percent). The majority of those upgrading for lighting spend $1,500 or less.
The most common smart home devices, according to the survey’s results, are:
• Fire/Gas Alarms
• Door/Glass/Motion Sensors
• Door Locks/Video Doorbells
• Video/Music Streaming
• Indoor/Outdoor Lighting
“While many homeowners report difficulty learning about and finding the right smart products to fit their needs, high levels of adoption and satisfaction among renovators are sound predictors of a wider reliance on these technologies among the general public in the near future,” Sitchinava concludes.
Published with permission from RISMedia.