TECHNOLOGY
4 . Rise of Smart Homes
Smart homes integrate technology and automation thereby enhancing convenience , energy efficiency and security . Internet-connected devices , including heating , lighting , locks , and security systems can be controlled remotely via smartphones or voice-activated tools like Alexa or Google Assistant .
One of the primary benefits of smart homes is the ability to optimise energy usage , which has a positive impact on both reducing your environmental footprint and decreasing your utility bill every month . Smart heating and cooling systems can learn owner preferences and adjust temperatures , while lighting systems can be automated to turn off when rooms are unoccupied . However , Smith comments , “ smart homes require electricity to function so local adoption is primarily reserved for those who can afford to go ‘ off-grid ’”.
“ The Proptech trends that will see the most the most success in South Africa are not the most futuristic technologies – as our digital infrastructure is not yet equipped to handle them - but rather those that offer tangible practical benefits to consumers ,” Smith explains .
Tools that feature a simple user interface , require minimal data and allow users to have greater control over how their personal data and financial investment are managed will have the most long-term success .
65 OCT / NOV 2023 Real Estate Investor Magazine