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Smart Home Technologies All Millennial Families Will Want

The family dynamic has changed dramatically with new smart home technologies that make life easier and more convenient. Features that were once reserved for the very wealthy or sci-fi movies, have become more commonplace. However, there seems to be a generational divide between Baby Boomers and Millennials as to which smart home technologies provide value.

Schlage Lock Company, in conjunction with Wakefield Research, decided to see just how big that gap was as they tried to understand the demographic influence for sales of their advanced lock products. In a nationwide survey of 1,000 U.S. renters, they were amazed to find that 86 percent of Millennials were willing to pay extra for a “smart” apartment versus 65 percent of Baby Boomers.

Millennials have grown up with the internet and smartphones, so it’s only logical to assume they’d be willing to spend more to acquire the most integrated systems for their home. Millennial buyers are looking for items that provide convenient, time-saving products that operate through smartphone apps or are voice activated.

Let’s take a look at some of the most requested smart home technologies every Millennial family wants: 

Electronic Access:

Smart Home Technologies

These are items that offer convenient entry without the hassle of keys and can be easily linked to other home systems. No more worries about being locked out of the house as long as you have your phone with you.

Security:

Home security is a top priority for Millennial renters and homeowners. Portable, low-cost systems that can be set up for a variety of applications and easily moved to a new apartment or home.

Entertainment Systems:

Music, gaming, film, television, digital media and high-end connectivity solutions are among the top priorities for Gen Y homeowners. As the first generation to grow up with the internet, it’s more important than ever for them to access all forms of entertainment with the touch of a button.

Sustainable/Energy-Efficient:

The youngest generation of homebuyers expects their homes to include sustainable/energy-efficient products, and they’re willing to pay a small premium to get them. While they aren’t expected to stay in one place for a lifetime as many Baby Boomers do, Millennials will want an immediate return on investment rather than waiting to build significant equity before selling.

Safety:

Millennials are more mobile than other generations so keeping their home safe, especially when they’re away from home, is important. Smart home technologies that can help keep their property, personal belongings and family health protected are a high priority.

Appliances:

Millennials have been quick to embrace smart technology in everything home related and now they’re happy to add refrigerators, dishwashers, washers and dryers to that list of connected products.

With an ever-growing list of smart home technologies becoming available, Millennial families will likely be ahead of the curve to purchase and use them. Younger families will embrace state-of-the-art features and will continue to include them to make their homes more comfortable, more efficient, safer, and more..


Guest Post by Serge Bojinski
Blogger & contributor. Home improvement enthusiast. Editor & writer behind RenoHood.com.  Half marathon runner.  Dreamer and doer. You can connect with him on Twitter @SBojinski

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