Is smart home automation on your mind for 2023?
In the United Kingdom, smart home automation is growing in interest, especially in the Build to Rent (BTR) sector.
In an effort to encourage excellence and reduce risk for investors and operators in the BTR industry, the UK Apartment Association (UKAA) recently released a Best Practice Guide (BPG) that features more than 80 different insights from UKAA members.
As an industry leader in the BTR space, SmartRent is proud to contribute to the Best Practice Guide and help audiences understand smart home automation's place in BTR.
The following is an excerpt from our Best Practice Guide piece. Read the full article here.
What is smart home technology?
Smart home technology refers to home amenities with automated connectivity.
With smart technology, Build to Rent managers can keep tabs on everything from an apartment's energy consumption to who is accessing their building.
Access control, leak detectors, and smart thermostats are three products commonly found throughout smart communities.
Sustainability and smart buildings
A major benefit of smart home technology is sustainability. According to Energy Star, reducing energy use by 10% can lead to a 1.5% increase in net operating income.
Installing smart home devices such as thermostats in BTR developments reduces energy consumption and helps residents live a more sustainable lifestyle.
Social implications of smart tech
Aside from sustainability initiatives, smart technology is well-suited to social needs.
Job flexibility is a big motivator for employee happiness, as 58% of Britons rate flexible work more highly than career advancement.
When processes are automated, teams are freed from mundane tasks, allowing them to be more flexible in their roles.
Keep reading at UKAA
There's so much more to say about smart home automation.
Dive into the Best Practice Guide for more information on smart home technology, including how to get started and our predictions for the future.