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Smart Home Upgrades You Should Be Making To Your Rental Properties

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Do you own a rental property? If so, you understand that it is a critical investment, and you must make sure you protect that investment as much as possible. There are plenty of smart home upgrades you can make that can help you boost the value of your property and attract the best possible renters. What are a few examples of smart home upgrades you should be making? Take a look at a few examples below, and do not hesitate to reach out to an expert who can help you get the most out of your investment.

1. Video Doorbells

Without a doubt, one of the most important upgrades that you need to make to your home is the addition of a video doorbell. A video doorbell is important because it will allow your renters to clearly see who is at the door when someone knocks or rings. Remember that your renters might be in an unfamiliar location, and they need to be able to see who is coming to the door. Furthermore, you have exterior cameras on the video doorbell that can help you keep an eye on the property when no one is there.

2. Smart Lighting

You might want to invest in a smart lighting system as well. You or your renters can put the lights on your property on a timer. Then, you or your renters can control them using a smart device. That way, you can turn on the lights periodically to make it look like someone is home, or you can turn off the lights if you forgot to do so when you left the house. This can help you keep your utility bills as low as possible.

3. Smart Security System

Safety always has to be at the top of your priority list, and that is why you should invest in a smart security system. There are plenty of security systems available, and you can customize them to meet your needs. For example, you might be interested in a security system that can store your video recordings for you. Or, you might want a smart security system that comes with 24/7 monitoring. Do not hesitate to talk to a professional who can help you find the right smart security system for your home. A security system might even help you save money on your home insurance.

4. Smart Plugs

You might even want to invest in some smart plugs. These are unique because they allow you to turn “dumb” appliances into smart ones. For example, you might want to plug the coffee maker into a smart plug. Then, your renter can control the coffee maker remotely by using his or her phone to control the flow of power through the outlet to the coffee maker. These are compatible with a wide variety of appliances, so do not hesitate to install them in your home.

5. Smart Locks

You should also consider adding some smart locks to your home. Smart locks can allow you to grant access to people remotely. Then, as you change renters, you can change the code on the smart lock, making it easier for you to control who enters the property. This option can be particularly beneficial because you don’t have to worry about losing keys, and you don’t have to worry about collecting them from your renters when they move out. You also don’t have to worry about re-keying the property in between renters, so consider installing some smart locks on your property.

6. Smart Thermostats

If you are looking for a way to save money on your utility bills, you should consider installing some smart thermostats. A smart thermostat is a device that allows you to control your temperature settings remotely. That way, you don’t have to worry about your HVAC unit running when you are not there. Furthermore, if your renters are responsible for the utility bills, they might appreciate the gesture. You can even collect information from the smart thermostat, and it can make recommendations about how you can save money.

7. Sensors for Water Leaks

Water can cause tens of thousands of dollars in damage in the blink of an eye, so you might want to install some water sensors that will automatically alert you if there is water where it should not be present. For example, if you have a basement, you might want to consider installing water sensors there. Or, you might want to consider installing some water sensors in the bathroom. If you are alerted to the presence of a leak, you can respond as quickly as possible, preventing a catastrophe from taking place.

8. Solar Panels

Finally, if you are really looking for a way to save money on your electricity bills, you might want to consider installing some solar panels on the roof of your home. Solar panels are great, particularly in areas that receive a lot of sun, such as Arizona. If you install the right solar panels, you might even be able to sell your excess electricity back to the power grid, helping you save even more money on your utility bills. Consider reaching out to a professional who can help you figure out the best possible location for the solar panels on your property.

Call Hard Money Lenders AZ To Learn More

If you go through the time to find the right smart home upgrade for your property, you may find that they make a significant difference in its value. We are Hard Money Lenders AZ, and it would be our pleasure to help you finance your next rental property. We understand that everyone is looking for a slightly different loan, and we can review the options with you. That way, we can put you in the best position possible to maximize the value of your investment. If you dream of owning a rental property, let our team help you! Contact us today to get the process started.

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