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November 2, 2015

Today’s Smart Homes

By Travis Close, ABR, GREEN, GRI, e-PRO

President, Greater Chattanooga Association of REALTORS®

Many people grew up with the idea that one day we would all be living in homes like the Jetsons’, the 1960s cartoon family living in the future, with a closet that showers and dresses you and a robot that makes your breakfast. While homes aren’t yet quite there, smart home technology has advanced leaps and bounds in recent years and has become more popular than ever.

Technology has changed the way we live in and interact with our homes. Smart homes can be programmed to react to their owner and tailored to fit with a person’s lifestyle – homeowners can even design the home to meet their specific needs.

Here are a few ways smart home technology can be utilized:

Security. New products allow homeowners to monitor their homes from a distance—even internationally. Owners can lock doors and windows from their portable computers, or access security camera recordings from a mobile device. It’s not just about keeping the property safe, it’s about keeping you and your family safe, too. Fire, carbon monoxide and gas leak alarms that connect to your smartphone can give you peace of mind that everything is all right in your home even when you aren’t physically there.

Energy Savings. Smart thermostats allow homeowners to program their home’s temperature and adjust it even after they’ve left, avoiding any needless heating or cooling of an empty house. Automated lighting programs let people turn the lights on and off in their home from their smartphone or laptop from anywhere in the world. Smart green features have been in high demand for years now. These products not only help the environment but also bring your electricity and water bills down, saving you money.

Convenience. One of the main appeals of smart homes is that they can make the home owner’s life easier. A garage door opener connected to your smartphone and a sprinkler system that syncs with the weather forecast so the lawn is never watered when it’s raining are all features that simplify day-to-day life. Soon, instead of having to check the refrigerator to see if anything is running low, a homeowner will receive a text message from their smart kitchen reminding him or her to buy eggs.

Although the benefits that these technologies provide are numerous, it is important not lose sight of the risks smart homes can pose to the owner’s privacy. As smart technology becomes more established in homes, it becomes even more important that the necessary precautions are taken to protect data and privacy. That’s why the National Association of REALTORS® worked with the Online Trust Alliance, a non-profit with the mission to enhance online trust, to create the Smart Home Checklist. The checklist offers guidance to home buyers and sellers about how to stay in control of the privacy and security of their smart home technology.