Home automation is convenient as is, but is it actually something that can make you money? We’re not talking about adding home automation to your own home, but instead to your rental property.
Your initial thought might be that that’s a pretty big investment for just a rental property. However, it’s important to look at your rental property as an investment. Most people who want to stay in a rental property are on vacation or a special trip -- they’re looking for an experience, not just a place to stay.
There are a few other reasons why home automation might bring in more money to your vacation rental property. CuddlyNest wants you to make the most money possible, so here are a few other ways that home automation can benefit your wallet, as well as the most valuable automation features you need to invest in.
The Payoffs of Home Automation
A more convenient home is a home that gets better reviews. Tenants in an automated rental property can dim the lights, change the AC settings, and monitor the security without much effort at all. This lets them focus on themselves, not maintaining the house, which will certainly net great reviews. Check your listing on CuddlyNest after you include automated systems and you’ll likely be pleasantly surprised by your new, higher rating!
Cutting your energy costs puts money back in your pocket. Automated systems installed in a home can turn lights off when they aren’t in use, and keep an eye on your thermostat and other useful functions. This can decrease your energy costs exponentially; up to 25%!
Security is paramount. Tenants like feeling secure in a rental property - they aren’t used to the area and the home, and this can put them on edge. An automated security system will help to put their mind at ease.
Automation allows you to raise your rental price. “Wouldn’t this displease customers?” No -- it would if you spiked your prices for no reason, but when they see that your home is automated? They’ll be willing to pay the elevated price.
The Features You Need for Automation Success
There are a lot of different features in any home that can be automated, but there are three automation options that are really high-ticket items.
Thermostat Automation. No one likes having to turn their thermostat up and down 20 times a day to try and get the perfect temperature and adjust for changes. An automated thermostat does the work for you AND helps you to save energy. Some automated systems even allow you to manage this system through a smartphone app, which is easy for your tenants to do.
Humidity Sensors. Want to avoid mold and wood rot? Moisture and humidity sensors in your home can help to alert you to the moisture levels in your home. If the levels read high, you could have a problem with a leak, leading to mold problems.
Surveillance Systems. This explains itself. Tenants want to feel safe in your rental property, and the easiest way to give them security is quite literal: an automated security system. Most security systems also include smartphone apps, which again can help them feel comfortable in your property.
Are automated systems in your rental property necessary to rent it? No -- but they can increase the revenue you make from renting out your property. Research automated system installation and see if you can invest in this valuable addition to your rental property.
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