Over the last few years, millennials have changed the way homes are being built. This generation prefers automated homes over traditional ones. Why? One thing we know about millennials is that they are very mindful of the environment. They tend to be more eco conscious than previous generations, drawing them to “smart” homes. When looking for a home, millennials want contemporary, sustainable elements and want their homes to be equipped with technology designed to make their lives easier. In a study done by Wakefield Research, it was found that 86% of millennials are willing to pay more for a home or rental property if it has smart home technology.
According to the National Association of Realtors Research Group, millennial buyers 22 to 30 years old and buyers 31 to 40 years old continue to make up the largest share of home buyers at 37 percent. In the 2021 report, first-time home buyers made up 31 percent of all home buyers. 82 percent of first-time home buyers were younger millennials (22 to 30 years) and 48 percent were older millennials (31 to 40 years). This research highlights how a majority of first-time homeowners are millennials. These home buying and selling generational trends are something that builders, architects, and designers should be paying attention to in order to target different age groups and drive sales.
How Automating Adds Value to the Home
Smart homes go beyond just being able to control your speaker or tv from your tablet or smartphone; they have impacted the real estate industry drastically. Having smart technology in homes will not only increase the value of the property by around 5%, but also allow you to sell it for more!
For most home buyers, features and amenities are a big factor when deciding on a home. In a study done by Coldwell Banker Real Estate, if given the option of two identical homes, one with smart technology, and the other without, 54 percent of 1,250 American adults would choose the one with smart technology. Having such a variety of unique and useful features, automated homes offer a ‘wow factor’ compared to traditional homes, making it an easy decision for home buyers.
Why Trusting Your Professional Integrator is Important
Making sure that you have a professional integrator you can trust is a vital part of building new homes and renovating old ones. Professional integrators keep up with the latest technology trends, providing the most up-to-date systems and software. They also work with other professionals, as builders or architects, helping to create the perfect home for their clients. Lastly, a professional home automation installer is able to personalize your home automation systems, making for a unique, one-of-a-kind home.
So, why choose Ficrest for your home automation needs? Simple. Ficrest is a single source solution, allowing you to only deal with one team instead of many which can be time consuming and frustrating. We have a unique approach in that we work with our clients from start to finish. There is an 8 step approach that we follow: concept, design, build, deploy, integrate, monitor and service, making your home automation process as simple and seamless as possible!
Let’s work together, contact us today!