Markets & EconomyTechnology

More buyers want ‘smart home’ tech in new digs

Consumers will expect the technology to be already installed

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Takeaways: 81 percent of respondents said they would be more likely to buy a home if smart technology were already installed. Smart home technology is most often utilized in the living room, followed by the bedroom, family/recreation room and kitchen. Smart home technology is saving owners an average of $98.30 per month, which equates to more than $1,100 a year. When eyeing the purchase of a home, more buyers will expect smart home technology -- connected lighting, temperature control, remote-access security, smart locks -- to already be installed. According to a survey of 4,000 adults by Coldwell Banker Real Estate and CNET, 81 percent of respondents said they would be more likely to buy a home if smart technology were already installed. “Smart home technology is influencing the home selling process. In addition to decluttering a home, sellers are upgrading to smart home technology to attract modern buyers,” said Danny Hertzberg, a Miami-based sales associat...