Xfinity Communities Survey Reveals Smart Home Tech in Apartments is the Way of the Future, Environmentally Responsible and Improves Profitability
Summary
PHILADELPHIA--(BUSINESS WIRE)--Since the beginning of smart technology’s integration into homes and apartments, many have considered it a luxury or “nice-to-have” amenity. The Xfinity Communities report titled “The State of Smart Technology in the Multifamily Housing Industry” leverages survey data from 200 property managers, developers and owners in the multifamily industry to explore the impact smart home and building technologies have on the industry from developers to owners, managers, workers and, of course, residents. They’re able to remotely monitor various building infrastructures, such as water and energy systems, realize long-term savings from the efficiencies gained, and are empowered to promote themselves to residents willing to pay a premium for the latest technology.” Survey respondents overwhelmingly indicated that their organizations are acting to realize these benefits, with a majority indicating they have fully adopted, are still implementing, or have made the decision to adopt a number of these technologies, including: When asked how important the adoption of the latest technologies is to resident satisfaction, nearly four-in-five (78 percent) respondents reported that they believe adoption of the latest technologies keeps current residents satisfied, and even more said it aids them in attracting new residents (84 percent). Further illustrating the reasoning behind these deployments and planned adoptions, an overwhelming majority of respondents agree with the following statements: Despite these benefits, smart technology does put an increased strain on the network. Multifamily organizations that seek to offer the latest in technology will need to work closely with service providers to develop solutions that best handle the bandwidth and connectivity challenges of a smart facility.