About The Real Estate Group

The Real Estate Group (TREG) "Partners in Excellence"

The mission of The Real Estate Group, LLC is to be Hampton Roads finest provider of real estate services. Our goal is to create a company that provides absolutely the best service for our customers by fostering an environment of teamwork and a common vision. The Real Estate Group, LLC consists of an accomplished team of skilled professionals who take pride in their work and their company. We work hard to go beyond the expectations of our customers, agents, and employees.

Smart Homes in 2014

Technology is making its mark on the real estate industry and one movement, in particular, that will be changing real estate is the advent of smart homes.

Almost every aspect of a home is being revolutionized through various concepts that have yet to be commonly used, but are on their way to becoming..well..household names.

So what does “smart” home mean? After a brief search on Google, one definition of a “smart home” is “a home equipped with lighting, heating, and electronic devices that can be controlled remotely by phone or computer”.  Along with convenience and energy efficiency through low operating cost, a smart home can provide its owners with a wealth of benefits.

Smart devices can be retrofitted into a person’s existing home and houses can be build with the systems equipped. The most interesting thing could be that some homes have the ability to monitor the usage and store data from the devices connected, such as smart phones, tablets and computers. This allows the homeowner to gauge usage and make adjustment s where necessary, sometimes on a daily basis. Lighting, window coverings, temperature and most electronic devices can be controlled either through a handheld or mounted remote and can be adjusted on either a timed schedule or according to various activity via motion sensors.  Those are only a few features of smart home, but you can read about more here: LiveScience.com.

Now that we’ve highlighted the features of a smart home, let’s look at what this means in terms of how it will affect the industry.

Insurance, for one, could be affected, with smart products and sensors.  Certain occurrences could be avoided by alerting the homeowner to a potential situation immediately. Some insurance companies are taking notice and are now providing clients with discounts on homes equipped with smart products.

Home security is also expected to change. In the past, owners have been reluctant to pay the premium costs for home security system installation and the monthly fees. However, homeowners  also like to feel secure. An alternative to this is a new product on the market called Canary  which is a low-cost, self-installable home security system. With these new innovations, the perspective on home security is changing.

Agents who aren’t familiar with the technology should expect to be confronted with a learning curve. Selling a smart home will require that one knows about the technology, understands the advantages and is able to explain them in simple, easily digestible terms. Inman.com: How to show and sell a smart home. offers some advice in this area.

For more information on smart homes you can visit these helpful site:

CNBC: Houses are about to get really smart.

Forbes: 4 Industries that about completely disrupted by the smart home

A Smart Home as Smart Real Estate

How Stuff Works: Smart Homes

SmartHomesUSA.com

Safewise.com: What is a smart home and how does it support green living?

WSJ.com: Smart Homes

Inman.com: How to show and sell a smart home.

 

About The Real Estate Group

The Real Estate Group (TREG) "Partners in Excellence"

The mission of The Real Estate Group, LLC is to be Hampton Roads finest provider of real estate services. Our goal is to create a company that provides absolutely the best service for our customers by fostering an environment of teamwork and a common vision. The Real Estate Group, LLC consists of an accomplished team of skilled professionals who take pride in their work and their company. We work hard to go beyond the expectations of our customers, agents, and employees.