If you have cable television, you are most likely familiar with all of the popular reality shows involving taking a practically dilapidated old house and upgrading or “flipping” it to turn a profit. This trend has become very mainstream in recent years. Many homebuyers find themselves looking for the next diamond in the rough to transform into the home of their dreams. Though the house flippers are in no short supply, this once popular mentality seems to becoming less so, as the modern home buyer is adapting to changing trends in construction and desiring a move-in ready home outfitted in the latest technology. If you are among these tech savvy dwellers, or if you are looking to upgrade your own home to put on the market, you should consider exactly what this new trend may mean to you.
A new standard
It may come as a surprise that the last 20 years actually proved to be quite uneventful for the technology integration on a mass level. Though homeowners seemed to be interested in upgrading their own dwellings, there seemed to be little advancement in the building world to meet the expectation of the next generation. The old “move-in ready” standard included 5 phone jacks, electrical outlets in each room, and a couple of cable hookups. You’re then left with an excessive amount of wiring to accommodate multiple devices and systems.
Built-in accommodations to consider
What exactly should you look for as the new standard for your technology ready home? At bare minimum, there should be wiring for a security system, the latest in smoke and carbon monoxide detectors, several internet wires or jacks, at least 5 cable ports, and the latest in home appliances. More advanced features may include pre-wired sound systems, energy efficient lighting fixtures, and “green” thermostats.
The ultimate smart home can be controlled from an app on your phone or tablet. Energy efficiency, convenience and advanced entertainment options are all factors that come into play when upgrading to smart technology.
The future is now
Recent studies suggested that 2020 would be the year that upgraded home technology becomes the new standard, but technology seems to be moving faster than we thought. A survey conducted by Coldwell Banker found that: “Almost half (45 percent) of all Americans either own smart home technology or plan to invest in it in 2016.” Though Millennials are often considered the target market for this type of smart home, the same study concluded that, “43 percent of Americans with smart home products are Millennials, 33 percent are ages 35-54, and 24 percent are 55 and older,” suggesting that many of us are ready to have a little piece of the high-tech lifestyle that allows push button control throughout our home.
Learn something new? Want to pass an idea to a friend?
Share the knowledge with your network!