Smart apartment automation is a win for all parties involved. Whether you’re an owner of a property management company, a vacation property guest, a first-time home buyer or simply a renter of a new apartment, everyone can benefit from the implementation of the most innovative smart technology on the market.

In 2018, you can hardly do anything without seeing some type of smart home technology. Companies all over the world are working hard to create the most innovative tech that turns your living experience into a truly convenient, peaceful and worry-free environment. Shop online. Control your apartment temperature. Monitor security systems. Access lighting throughout your place. Stop and start entertainment options around the house. Life simply becomes more convenient with smart technology.

 

But what actually matters to those who rent an apartment? Since renters often have less control over what their unit looks like and the features it provides, it helps to understand which aspects of smart technology are actually most important

 

The Market

Amazon’s personal assistant Alexa, smartphone connectivity, , keyless entry, home security systems, and even light bulbs are all getting much smarter. Soon, smart technology will be a “must have” feature in apartments all over the world. So, what’s most important?

 

Renters value money-saving opportunities. Studies have shown that the smart home market is forecasted to reach a value of more than 40 billion dollars by 2020. If this is the case, renters should benefit in a huge way by saving money from all innovation.

 

According to numerous studies, renters find major value in a few main smart technologies: thermostat, security and video monitoring and keyless entry. A recent study from Software Advice shows that 86 percent of Millennial renters say they’re willing to pay even more in monthly rent for smart technology. And since Millennials are struggling to buy homes, why not make them happy in the place they rent?

 

Let’s take a look at those necessary smart tech accommodations to uncover the reason why they’re so important to renters.

 

Thermostats

Smart thermostats like the Go Control Z-Wave Smart Thermostat are important for a few reasons. First, smart thermostats allow the renter to maintain control of the temperature from a remote location. This can provide the renter with big savings in the utility bill at the end of each month. If you go on vacation and forget to turn down your temperature, you can simply use an app to make the necessary, money-saving change. Smart thermostats also help save energy, which might save a renter an average amount of almost $150 each year. Also, man smart thermostats provide updates for maintenance, dirty filter detection and will let you know when it’s time to replace your air filter.

 

Security and Video Monitoring

Smart home security is important for many reasons. First, a renter needs to protect their valuables. You don’t own your place, but you still need to keep it secure and safe. If you live on the main floor of a building, many people might be able to see directly into your unit. Implementing a smart home security system can provide some relief for those worrying. These systems can alert authorities to a burglary in process and increase the chance that the person committing this crime will be caught in the act. Renters want to be safe and know they have protection from crime. Whether you live in a luxury Chicago apartment or a rural apartment complex, it’s always important to feel safe at home.

 

Smart security systems will also give renters the opportunity to monitor entryways and their actual units from remote locations. Mobile app alerts give the user an ability to contact authorities or simply view the happenings in their apartment. This can also be useful for pet owners. Lastly, renter’s insurance might become cheaper with enhanced security systems in place. Most insurance companies will offer decreased premiums to renters who live in units with monitored and smart security systems — another great way to save some cash.

 

Keyless Entry

How many times have you spent $70 on a fee for someone to come unlock your door after you forget and/or lost your keys? You had an extra key, but that key was stolen from under your welcome mat. Now what? Well, with keyless entry, this is never an issue. Keyless entry will provide the renter with more convenience, increased security and control, and this option will also save the renter money, as they will not have to spend on new keys for family members or each time they lose a spare.

 

Understanding what smart home technologies are important to renters is the first step in providing a top-notch experience for each tenant. The technology is available, so let’s put it to use for the good of the renter!

 

Sam Radbil is an author at ABODO Apartments, an apartment marketplace website that makes apartment hunting easier for people all across the country. Check out their available apartments in Chicago, IL and follow along on Twitter at @ABODOapts