One of the biggest threats to the real estate market is increasing utility costs. Electric and gas utilities are struggling to keep up with the growing energy demand. That’s why they’re introducing new technology to make our homes more energy efficient.
EV Charging Stations
Driving an electric vehicle isn’t very expensive, but buying and installing an EV charging station can be prohibitively costly. With new devices connected to our smartphones, home charging has become more accessible and cheaper. Where once such charging only worked through the relatively slow process of plugging an electric car into a wall, now our smartphones can charge us in seconds. Some of these devices even offer batteries that you can plug into your garage door, so you can keep a battery charged while your car is parked.
Smart Light Bulbs
Home energy-efficiency technology has been around a long time, but it’s made strides recently. Smart bulbs, for example, are the newest generation of energy-saving devices. The bulbs can be controlled from your smartphone, and they’re able to access the Internet and connect to other devices, such as smart switches, to adjust themselves based on usage patterns.
Smart Window Coverings
One of the newest and, some might say, coolest ways to save energy and money in your home is with smart technology—that controls the opening and closing of your window coverings or even your heating and cooling. The smart window treatment market is booming, and homeowners are looking for ways to cut energy costs. By controlling your home’s climate, they allow you to save on energy costs—for example, by simply opening the shades or blinds or using a device to turn on the air conditioning or heat remotely.
It’s no secret that heating and cooling is one of the biggest energy offenders in homes. Heating and cooling can account for up to 50 percent of an average home’s overall energy consumption, and that’s a problem because energy costs are rising. The good news is that a variety of energy-saving products available for your home can make a big difference in terms of reducing energy consumption and saving money in the process.
Smart Power Strips
We all want to save money on energy, and one way is to make sure your home’s energy needs are being met as efficiently as possible. To this end, many companies are trying to put features like these into everyday devices. Smart power strips, which allow you to control your electronics remotely, are becoming more common, and an increasing number of appliances and electronics are being integrated with smart technology. For instance, smart thermostats let you control the temperature of a home from anywhere.
Smart Exterior Faucets
You come home late, leave the outside faucet running, and forget about it. Or you come home just as thirsty as when you left, but the water is turned off. A smart exterior faucet will tell you when to turn off the faucet and when to turn it back on. Connected to an app, you can set the faucets to switch on and off at certain times, like when the family gets home.
The wisest people in real estate know that the key to maintaining homes is conserving energy. Homeowners everywhere are making that a priority as energy prices continue to rise. To help keep homes comfortable at the lowest possible cost, smart appliances and devices, such as smart thermostats, are gaining popularity.
Space Age devices, also called smart-home devices, are the gadgets that allow you to control your home’s temperature, lighting, appliances, security, and weather from the convenience of your smartphone or computer.