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The Pros and Cons of Smart Home Technology for Landlords and Tenants

18th April 2019

Advancements in technology are changing our everyday lives. The latest gadgets are making modern life even more convenient, and with the integration of smart devices, technology is now transforming our homes. Smart security cameras, lighting, thermostats and full-on automation hubs are all making huge differences. But whilst most homeowners are generally embracing this smarter, more technologically advanced way of living, many more are looking at these devices less favourably. 

The smart home is not science fiction, it’s a revolution that is making our lives easier but less hands-on. For the landlords and tenants still unsure about whether smart home technology has a place in their properties, we’re here to reveal the pros and cons that will help you decide.

Improved home security

With a recent report from the Home Office proving that violent crime has risen by 19% in the UK, it’s obvious to say that our homes and wider lives aren’t as safe as they used to be. Protecting our homes, and the people and contents within, has become even more important as a result. With the latest home automation gadgets however, you can breathe a sigh of relief. 
The cameras and sensors that smart security systems bring together make life safer. Whether you are a tenant living in a rented property or a landlord renting out your real estate, you have peace of mind that the property is protected from all angles.

More upfront costs

Smart technology may be becoming more accessible and cheaper, but there are still upfront costs that the landlord or tenant has to foot the bill for. Kitting out your rental with smart devices however will save you time and money in the long run. It’ll also make a rental property more appealing, which could mean your efficient and connected home fetches higher rent.

Easier tenanting

Keeping your property tenanted is a challenge many landlords face. The ever-changing rental market means it’s not always as simple as keeping one tenant for as long as you own your rental property. Tenants move on for a variety of reasons and when they do, smart locks make the transition from old to new super easy. Smart locks give you the power to change the locks between tenants without the help of a locksmith. Instead of a traditional key, renters gain access with a code. Smart locks also mean there are no more lost keys and locked out tenants.

Less privacy

As a home becomes more connected, privacy concerns are increasing. This however is down to misunderstanding. Landlords installing smart technology should make sure the use of devices is clearly communicated to ensure an invasion of privacy doesn’t become a concern.

Lower energy costs

Running a cheaper home is on everyone’s wish list. With smart technology, such as smart meters, thermostats and lighting, you can improve energy saving from room to room. Smart meters give tenants the convenience of seeing how much they spend on gas and electricity, with the figures presented giving them the information they need to be less wasteful. Team this with a smart thermostat and you have the power to reduce waste and control your home’s heating and cooling capabilities. 

Thanks to the addition of smart lighting you can go one step further. Smart LED bulbs not only use less energy than traditional fluorescent or incandescent lightbulbs, they are fully programmable. That means you can control how lights within your home are used. Both landlords and tenants will also be pleased to know that LEDs emit less heat to reduce fire risk ten-fold.