There has been an increase in first-time home investors entering the real estate market in recent times. Spurred on by the pandemic, more and more individuals, especially millennials, are choosing to buy residential real estate. These younger buyers are on the lookout for homes that fit their particular needs and requirements.
A prevailing trend among home investors today is homes that incorporate smart technology. Technology and real estate have been significantly advanced, and we are now seeing a seamless blend of the two. This has, in particular, caught the attention of the younger, modern, tech-savvy generation.
Smart homes are progressive and the future of residential real estate. Here are some reasons why smart homes appeal to new-age homeowners:
Easy Living – The younger generation is always looking for ways to increase efficiency and to have an easier way of life. They recognize that the future of the earth depends on them. Smart technology gives homeowners the ability to remotely control various devices and appliances in their homes. This is achievable from a single device or an app, allowing homeowners to cut out on tedious daily tasks.
Earth Friendly – Modern technology is always looking for ways to be green, eco-friendly, and reduce our impact on the earth. Smart homes cut down significantly on wastage of materials and energy, as well as harmful emissions. The use of environment-friendly materials conforms to the modern views on treading lightly on the earth. This is in keeping with the philosophy and beliefs of new-age home buyers.
Finances – Smart homes may be initially expensive, but in the long term, these energy-efficient homes result in significant financial savings. Appliances in these homes are carefully streamlined, cutting out on wastage and unnecessary expenditure. While these homes are expensive to acquire, there is a significant trade-off and saving in terms of lowered operating costs.
Prestige Group new launch township is The Prestige City at Sarjapur Road, East Bangalore.