Phil Aitken
Phil Aitken

Advantages & Disadvantages to Smart Home Technology Trending in 2024

Your Home Sold Guaranteed Realty - Phil Aitken Home Team
In 2024, technology and smart home features are becoming more than a trend. It’s reshaping the way we live, work, and envision our homes. You might

In 2024, technology and smart home features are becoming more than a trend. It’s reshaping the way we live, work, and envision our homes. You might be wondering if including smart home technology is the way to go for you.

The Phil Aitken Home Team has over 13 years of experience and works with developments with this tech. We have been helping buyers and sellers navigate this area as they look to find their dream homes.

In this article, you will understand the advantages and disadvantages of smart home technology as you make your decision for your new home. This rising trend may seem overwhelming or scary but we will walk you through the details.

What is a Smart Home?

Smart homes have technology that can control and automate systems in the home. These systems include lighting, doors, thermostats, entertainment systems, security and more. Homeowners are seeking these properties to enhance convenience, security, and energy efficiency. The demand for these features in homes is higher than ever.

The Advantages to Elevating Home Living

There are a lot of exciting elements when it comes to making your home fit your lifestyle and needs. The ability to control everything at your fingertips allows you not to worry and enjoy the time spent in your home. Here are a few factors to look at when considering adding this tech to your life and home:

Enhanced Convenience and Comfort

Smart home technologies bring a new level of convenience to daily life. Automated systems and smart thermostats create a more comfortable living environment. Homeowners can control and customize their living spaces. This technology allows you to manage your home from one device.

Improved Energy Efficiency

Energy conservation is a priority in 2024, and smart homes are at the forefront of this movement. Buyers are looking for properties equipped with energy-efficient technologies. This can improve both the environment and result in you saving on utility bills.

Enhanced Security Measures

Smart cameras, doorbell systems, and sensors provide real-time monitoring and alerts. This allows you to see your home and potential threats whether you are home or away. Example of this is if you are unsure of the garage door closing. You can look at your device to check or close the door.

Increased Property Value

Homes with smart features are becoming more attractive in the real estate market. Homeowners are looking for homes that will fit with their lifestyle and needs. This helps potential sellers market their home to buyers better as it weighs into the needs and wants of a future homeowner.

The Disadvantages of Smart Home Technology

Initial Cost of Implementation

Homeowners face taking on a big financial investment adding smart devices and appliances to their home. This investment includes purchasing the technology and the installation into the home. Both parts to adding smart home tech to your home may end up costing more than expected.

Privacy and Security Concerns

Smart home devices raise concerns about privacy and security as they rely on connectivity and data collection. There are concerns of information sharing amongst devices and service providers even with security measures.

Complexity and Learning Curve

For individuals new to smart home technology, there may be a learning curve or challenges. The use of different brands or products within the home may cause issues with compatibility. Setting up and maintaining a smart home requires technical knowledge of updates and usage of the technology.

Dependence on Technology

While smart homes offer unparalleled convenience, there’s a risk of dependence on technology. Smart homes need to connect to Wifi and can cause issues when power outages or weak connections occur. This can leave you with a system that may not function fully.

Steps to Take When Considering a Smart Home or Adding Smart Home Technology in 2024

As you consider a smart home or adding it to your home, there are some factors to look at. These steps can help buyers and sellers increase their homes. Here are some action steps to take as you make your decision for your dream home:

1: Define Your Priorities

It’s crucial to identify your priorities. What aspects of smart technology are most important to you? Is it energy efficiency, security, or convenience features like automated lighting and thermostats? Understanding your priorities sets the foundation for a decision and what elements you want to have.

2: Assess the Property’s Existing Smart Features

Assess the smart features that are already in the property. This can help you determine what features are necessary to keep or add to the home.

3: Seek Professional Advice

Research reputable companies who specialize in what you are looking for. Look for reviews and gather information on the quality of technology and customer satisfaction.

4: Understand Maintenance and Support

Smart home technologies require maintenance and occasional updates. It’s essential to understand the level of support provided by the existing systems and whether there are warranties or service agreements in place.

By understanding the advantages and disadvantages of smart home technology as it is trending, you will be able to determine if this is the right fit for your home in 2024.

The trend of smart home technology in 2024 will allow you to create the lifestyle and home you desire. Understanding the tech, what goes into these homes, and your priorities, you will be able to know what to look for and decide if this is right for you.

If you are ready to add smart home technology to your home, we have a list of companies that specialize in smart home technology. 

To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!

Phil Aitken, Owner/Broker
Phil Aitken is the Owner/Broker with Your Home Sold Guaranteed Realty - Phil Aitken Home Team and has over 13 years of Real Estate experience. Phil’s faith and desire for his family’s continued security fuel his business growth and leadership. The Phil Aitken Home Team continues to profoundly impact the people of Jacksonville via supporting several faith-based organizations. Phil gives back a portion of every real estate transaction to The Tim Tebow Foundation and Rethreaded. Find Phil's full story here.