A home that is set up with products connected to a network, whether it is Bluetooth, Wi-Fi, etc. to automate, optimise and control lighting, temperature, security, entertainment and more. You can do this remotely through a smartphone, tablet, computer or directly through an integrated home system. 
The concept of smart home technology has vastly changed in the past few decades. In general, new technology is integral to how properties are identified, marketed and sold by real estate agents, as smart home and eco-aware features become more important to buyers. Data collected this year shows that nearly three quarters of homeowners in the UK feature smart technology in their homes. Gone are the days of tangled wires, piles of CDs and oversized bookshelves. The processes we undertake every day at home are being made more efficient, so you don’t need to move to switch off the lights.
Why the upgrade?
As is expected, parts of the survey responded by claiming they wanted to stay up to date with the latest cool gadgets, and some adopted smart home technology simply for the novelty factor. 48% of respondents want their life to be made easier and 38% are doing it to save time. An impressive 55% are doing it to become more energy efficient. The top reason, however, is to save money, with 59% of respondents claiming that investing in smart home technologies would help them financially in the long run.
Is this Science Fiction?
PropTech embraces these new technological advances, defining them simply as devices that are connected to the internet and can talk to humans and other technology, under the term ‘The Internet of Things.’ And these features are becoming smarter and more aware.
Amazon Echo and Google Home have taken over the market, smart speakers that answer questions, play music and control your smart home. These advances are just the tip of the iceberg. In January, a ‘superbed’ was launched for £5000, a bed that monitors your sleep and alters its firmness according to your movement, sending reports back to your tablet.
Whilst there seems to be an overwhelmingly positive response to smart home solutions according to the new data collected, with over a third wanting even more additions to their smart home collection, there are some misconceptions. 21% simply feel uncomfortable around the technology, and some believe that solar panels are not very effective, only working in warm, sunny conditions.
Whether you are adopting smart home solutions yet or not, it is clearly becoming a trend for homeowners and anyone interested in PropTech. Science fiction is now becoming fact, and it seems likely that, if you ever need anything done, there is probably an app for that.
- CNBC / Just What Is A Smart Home Anyway
- Eon Energy / Almost Three Quarters of Homeowners Have Made Their Homes Smarter Helping Make Everyday Household Items Obselete
- The Guardian / What Is The Internet of Things?
- The Standard / A Day in the Life of a Connected Home
- CNET / Google Home Vs Amazon Echo
- Homegrown / Proptech the Future of Property Investing