Todd Lumbar on How Smart Home Technology Affects the Real Estate Industry

Smart homes make life easier and enjoyable. There are a variety of smart homes available. Ranging from those which have few features to more complex ones with sophisticated features and modern day technology.

About smart home technology

Smart home technology in the simpler definition is those which allow homeowners to control, automate and monitor devices in their homes using their smartphones. The first of these inventions were the thermostats, but the technology has progressively evolved and expanded over time.

Bluetooth, Wi-Fi, and other related transmission technology are now used to connect home devices to people’s smartphones. The advantage is the technology does not require one to be a technician to know how to operate them.

Why people are embracing smart homes

In this age and time, people have the desire to do things instantly, and here is where the smart home technology comes in plenty. Others embrace smart homes for safety purposes.

As technology inventions evolve rapidly, competition exists for both investors and tech developers who want to stay on top and develop new systems. Visit Ideamensch for the details.

Challenges which come with smart homes

The major challenge facing smart home entrepreneurs is hesitation from their target market. For example, smart floors with sensors to detect walking patterns may be suitable for seniors, but they are less likely to incorporate it for fear of their privacy being invaded.

Research has it that younger people are more likely to embrace new technologies despite the security risks facing them. These challenges, however, present an opportunity for developers to come up with new inventions.

Relation between real estate industry and smart home technology

Smart home technology has brought new ways of marketing homes. Real estates with smart home technologies also cost higher than others as they appear more appealing to buyers.

About the real estate guru, Todd Lubar

Todd Lubar is the acting president of TDL Global Ventures. He has been an entrepreneur and a businessman for more than twenty years. Mr. Lubar is recognized as one of the top twenty-five mortgage originators in his country.

Todd Lubar graduated with a Bachelor’s Degree in Speech Communication from Syracuse University in 1995. He presently lives in New Jersey together with his family. Check out his about.me page

Reference: http://thebrotalk.com/home/todd-lubar-smart-homes-present-opportunities-entrepreneurs/