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ORLANDO, Fla. – More newly-built homes are featuring smart-home technology because builders are realizing more buyers want it and are willing to pay the extra costs.
Recent research from John Burns Real Estate Consulting found that more than 60 percent of new-home buyers say they’d pay more for an exterior security camera and smart locks. Sixty percent of buyers also would spend more on a home with a smart thermostat, the survey revealed.
According to a separate John Burns Real Estate Consulting survey of more than 300 home builders, 53 percent say they now incorporate smart-home technology into new construction. Even so, 42 percent of buyers say they would purchase additional smart-home technology.
Buyer segments differed on which smart-home tech they liked the most, according to the survey:
- Young singles and couples: most likely to choose smart thermostats
- Families: most likely to choose a smart garage responsive to app controls and voice commands
- Older buyers: most likely to pay extra for smart locks